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INDIVIDUAL & CORPORATE STATE TAX COMPARISON

Connecticut/New York/New Jersey as of 7/1/02
Connecticut New York NEW JERSEY

Personal Taxes
State Personal   Income Tax (Resident), Withholding required (if itemized on Federal Return, Income Tax is tax deductible
3.00%   to 4.5%
  of Personal Adjusted Gross Income
4% to 6.985%
1.4% to 6.37%
State Personal Income Tax (Non-Resident Same rates as shown above apply ­ determined by the amount of income earned in state. You will pay the highest tax rate you are subject to, but will not be taxed twice.
NY City Personal (Income Tax)
N/A
3.0495% to 3.827%
N/A
NY City Commuter   Earnings Tax (Non-Resident)
N/A
.45%
N/A
State/Local Sales Tax
6%
4% to 8.6%
6%
Capital Gains Tax

Taxed under General Personal Income Tax
Dividends and   Interest Income

Taxed under General Personal Income Tax

CORPORATE TAXES
State Corporate Income Tax
7.5%
9%
8.5%
BUSINESS TAXES
City/Corporate Income Tax
N/A
8.85%
N/A
City Unincorporated   Income Tax
N/A
4%
N/A
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