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That's funny, either way they are paying those ridiculously high taxes. You'd think the people would demand a lowered taxes instead.
Wow, short changing the federal coffers while demanding higher federal taxes on everyone in the country to make up for the short.
The high local taxes in NJ generate value. Excellent public schools, nice public spaces and libraries, polite cops that live in the community and aren't adversarial to the people they are supposed to protect and serve, prompt snow removal, free curbside trash pickup, etc.
It's pretty much the only layer of government that generates anywhere near a fair return for what they take. A lot of people who vote Republican down the line at the state and national level will support local spending, and for good reason.
And that whole business of not paying into the pension fund was started under Christie Whitman who decided that the stock market was doing so well that the state didn't need to pay its share and this continued under the Democratic governors as well! Corzine made one big payment and Chris Christie made a few small ones. It would take $9 billion a year for 10 years to bring it up to where it should be! The yearly budget for NJ is $33 billion. $9 billion is almost half of the NC yearly budget!
Everything you posted is factually incorrect. If you want I can break it down for you or would you rather live in a state of ignorance
And that whole business of not paying into the pension fund was started under Christie Whitman who decided that the stock market was doing so well that the state didn't need to pay its share and this continued under the Democratic governors as well! Corzine made one big payment and Chris Christie made a few small ones. It would take $9 billion a year for 10 years to bring it up to where it should be! The yearly budget for NJ is $33 billion. $9 billion is almost half of the NC yearly budget!
It's truly crazy. Wall Street Journal had a pretty good article on this same subject. All the recent governors - regardless of party - have been kicking the can down the road. It will probably get much worse under Murphy, though. Sometimes I can't believe he got elected, then I have to kick myself, lol. We're only here until our kids graduate, IF we can hold out that long. We're on the downhill side of well-off, so we'll see. The sad thing is, there is so much I've come to love about living in our town for the last couple years, I'll really miss living here. Our town has more 'community' than any other place I've ever lived, including Utah, our rural place in PA, and the west coast.
You just dont like to hear the consequences of the loss of tax revenue, thinking only services that you dont like will be cut. What will happen is of course that there will be across the board cuts, including fewer cops, fire fighters, less for the disabled and less for child protection services. You might claim that this means more freedom, and the libertarian crowd thinks so, but dont pretend that there wont be consequences as we engage in a race to the bottom towards lower taxes and more government by and for the super rich. Joe Sixpack does not factor into the concerns of the people who fund the political campaigns!
just because federal rates are cut a little, doesn't mean revenue will drop
same for the states, they could drop their rates a little, making if more affordable for the little people, and revenues will not drop
too bad liberals cant look away from their agenda of, "tax a lot, and tax often "
Everyone knows limiting SALT deduction was just a way to stick it to rich blue state areas to subsidize tax deductions for rural red states. And that is the very tangible Hallmark of a divisive, partisan President.
limiting the salt to 10k is just another way of keeping the AMT, so it is about taxing the rich
the middleclass makes out better with the new tax plan
republicans have done exactly what the liberals have been screaming about for years...making the rich pay more (while at a lower rate)
This BS Republican war on blue states won't fly, there are enough strategies to get around it, not to mention lawsuits based on double taxation, which New York is already planning to do.
Here's a decision on a 2015 SCOTUS case on the issue: "WASHINGTON (Reuters) - Maryland cannot impose double taxation on residents by denying them a full credit for certain taxes paid on income earned in other states, the U.S. Supreme Court ruled on Monday in a decision that could cut revenue collected by some states and cities. In a 5-4 ruling, the justices sided with taxpayers Brian and Karen Wynne in finding that Maryland’s taxation policy violated the U.S. Constitution by discriminating against interstate commerce, upholding lower-court decisions favoring the couple." https://www.reuters.com/article/us-u...0O31G620150518
if NY is sooo concerned about double taxing its people, then maybe they should eliminate the state income tax...after all THEY are the ONES that are double taxing the people
limiting the salt to 10k is just another way of keeping the AMT, so it is about taxing the rich
the middleclass makes out better with the new tax plan
republicans have done exactly what the liberals have been screaming about for years...making the rich pay more (while at a lower rate)
You know what amazes me? The lengths that conservatives go to in order to defend this tax plan not because it will help the economy (which it probably won't) but because it will adversely impact people in states with expensive homes and high tax rates.
Did you ever stop and think how much this tax bill could have helped the middle class if cuts to the corporate tax rates were predicated on new hires within a firm, or pay raises?
just because federal rates are cut a little, doesn't mean revenue will drop same for the states, they could drop their rates a little, making if more affordable for the little people, and revenues will not drop
too bad liberals cant look away from their agenda of, "tax a lot, and tax often "
You know what amazes me? The lengths that conservatives go to in order to defend this tax plan not because it will help the economy (which it probably won't) but because it will adversely impact people in states with expensive homes and high tax rates.
Did you ever stop and think how much this tax bill could have helped the middle class if cuts to the corporate tax rates were predicated on new hires within a firm, or pay raises?
this tax bill does help the middleclass
I have itemized for the last 2 decades....usually works to about 18-20k....the new std ded is 24k....
the middleclass (50k-200k) get a break... its the RICH (incomes over 400k(with homes over 900k(which have property taxes over 20k))) that are getting hit.....and as the liberals ALWAYS say "the rich can afford it"
these threads just show how two-faced the fascist liberals really are
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