Except for the relative handful of households whose state income taxes went up with passage of the “millionaires” tax” last year, New Jerseyans today are paying a lower state income tax than they would have in 1993 on the same income. That is because the state income tax was reduced in three stages from 1994 to 1996. New Jersey is one of more than 40 states that cut income taxes, and other taxes, during an economic boom-time when revenues were rising beyond anyone’s expectations.