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Accountants in New Jersey are advising clients to leave the state because of its high living costs and corporate and property tax rates.

Seventy per cent of certified public accountants (CPAs) have advised individual clients to leave the state because of the high cost of living, according to a survey by the New Jersey Society of CPAs (NJCPA).

And 53% of respondents said they had advised New Jersey-based business clients to consider relocation because of the state’s higher cost of doing business.

Read more: I’m a millionaire. Biden’s plan to raise my taxes is a details ⇒

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