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The question here isn't how do we spread the taxes around so we can pay more......the question is why are NJs taxes the highest in the nation.....how do other states provide the same basic services we receive in NJ with far less tax revenue income to work with !!! Something doesn't add up.
i agree, but i would rather have it be an income tax, then a property tax. So that its easier on citizens when they are having a rough time at it.
Because raising income taxes super high would drive out many high earners. See how quickly they move to a lower tax state or claim residence in FL.
They live here with the extremely high property tax rates. outside of Hoboken and perhaps a few buildings in Jersey City, I dont see many wealthy people renting.
i agree, but i would rather have it be an income tax, then a property tax. So that its easier on citizens when they are having a rough time at it.
He might not be making much money, but he is living in a nice middle class house.
I still have my job and am earning a steady income, but I am living in a much more modest housing arrangement than him (a 1br apartment not far from the recent police shootings).
It's fine with me if he wants to live his lifestyle -- but why should I and others who have chosen a more modest lifestyle have to pay for it ?
Right, but giving all the money directly to the state would be a move further in that direction (since all the money would go directly to the state, they would ultimately control all and not merely most of it).
Which is another way of saying urban political machines, their political cronies and public worker's unions would have the pleasure of controlling all of the money.
Bad idea. Real bad idea. Look at where we are now.
They live here with the extremely high property tax rates. outside of Hoboken and perhaps a few buildings in Jersey City, I dont see many wealthy people renting.
I see your point and agree that an income tax is a fairer way of raising revenue.
The reality is, raising the income tax rates would do nothing more than give NJ's political establishment even more money to play with and pi$$ away.
This is true. Income tax is a progressive tax (meaning you make more, you pay more) and property tax is regressive. It's regressive because sometimes your home value doesn't correlate with how much you can pay for taxes, especially if your home is paid off or you bought it a long time ago (think an old retired couple living in a paid-off house that they now have to pay 15K a year on).
In theory, I would be more for the progressive income tax in place of property tax, but in this case, the thought of having the state sucking even more money and redistributing it as they see fit is a not a better option. I do believe the local governments are more responsive and kept in check with the money.
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