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Old 06-12-2009, 11:59 AM
 
Location: Piscataway, New Jersey
531 posts, read 2,150,786 times
Reputation: 162

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Governor Corzine plans to eliminate the property tax deduction for middle class families.

Quote:
If approved, the budget will ... eliminate a property tax deduction on next year's income tax filings for anyone earning more $150,000 annually.
Sourc: Lawmakers to pass N.J. budget eliminating property tax rebates, increasing taxes for some - NJ.com
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Old 06-12-2009, 12:07 PM
 
Location: New Jersey
4,183 posts, read 5,066,168 times
Reputation: 4233
anyone earning more $150,000 annually is not middle-class
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Old 06-12-2009, 12:07 PM
 
3,269 posts, read 9,938,068 times
Reputation: 2025
I hate him....

"It would also eliminate a property tax deduction on next year's income tax filings for anyone earning more $150,000 annually."

"The new budget would also cut rebate checks for anyone who isn't a senior citizen or a disabled resident, a move that saves nearly $1 billion in spending."

"The state would cut its scheduled payment into the public employees' pension fund by nearly $1 billion."

"State aid to municipalities and counties, traditionally a factor in local taxes, would be cut in the new budget, by $79 million."
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Old 06-12-2009, 12:08 PM
 
3,269 posts, read 9,938,068 times
Reputation: 2025
Quote:
Originally Posted by JG183 View Post
anyone earning more $150,000 annually is not middle-class
Oh please. $150k in NJ is solid middle class.
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Old 06-12-2009, 12:12 PM
 
Location: Piscataway, New Jersey
531 posts, read 2,150,786 times
Reputation: 162
Quote:
Originally Posted by UKOK View Post
Oh please. $150k in NJ is solid middle class.
Exactly.
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Old 06-12-2009, 12:14 PM
 
9,124 posts, read 36,391,239 times
Reputation: 3631
Quote:
Originally Posted by UKOK View Post
Oh please. $150k in NJ is solid middle class.
I'll third that. Now pass the Grey Poupon, please.....
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Old 06-12-2009, 12:24 PM
 
Location: Stewartsville, NJ
7,577 posts, read 22,612,425 times
Reputation: 1260
Humm... he's a little late. The middle class left NJ a year ago... he had better make that Lower Middle Class as they are the new middle class in this State
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Old 06-12-2009, 06:49 PM
 
Location: New Jersey
4,183 posts, read 5,066,168 times
Reputation: 4233
Quote:
Originally Posted by UKOK View Post
Oh please. $150k in NJ is solid middle class.
you obviously don't get around much.

I know plenty of folks living in a household where $30K per year has to carry the load.

if I was making $150K, you'd never see me online again -- I'd be out partying, racing, and gallivanting
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Old 06-12-2009, 10:06 PM
 
177 posts, read 700,759 times
Reputation: 72
Quote:
Originally Posted by JG183 View Post
you obviously don't get around much.

I know plenty of folks living in a household where $30K per year has to carry the load.

True.
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Old 06-12-2009, 10:16 PM
 
20,349 posts, read 19,937,992 times
Reputation: 13466
Quote:
Originally Posted by JG183 View Post

I know plenty of folks living in a household where $30K per year has to carry the load.
:
Maybe if they're young, single and just starting out in life.

I can't imagine a family's standard of living on 60K per year, assuming a spouse, kid(s), home ownership, investments for the future, etc.

30K, in NJ, is unthinkable for me.
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