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>Cuomo and Malloy better STOP raising taxes or NJ will sweep the tri-state battle.<
yes it is probably aimed at the higher income tax brackets. NJ already has lower income taxes under 100K income. A family of 4 making ~100k has a net rate of about 2.5% after all of NJ's odd credits and deductions. 10% would be $250 or ~$21 a month. NJ already got rid of the $1MM rate. Shrug. No real news here tho. 500K would get ~24K or $2000 a month.
NJ is a proerty tax state. A crummy 1000 SF 3 BR 1 bath will often be about $5500 a year. A Mcmansion 16-20K a year. A real mansion 30K++ a year.
I would rather they attack property taxes. This would require many politcally difficult things like disallow pension double dipping, disallow multiple salaries for various public officials, force all new public employees into 401Ks, at least modify the Abbots ruling (good luck)...
I'm sure Christie will set long term cuts to programs that won't end or be drastically cut until he leaves office and likely runs for the White House.
That way you see, he can keep the services that the poor and middle class earners need and want, and say he lowered taxes. Trouble is in about 5 years, the bill will come due, likely after Christie has left office.
^This.
And fully sponsored by people with short term memory.
Cuomo and Malloy better STOP raising taxes or NJ will sweep the tri-state battle.
He mentioned, as I have seen in studies and at our own corps where I work, 2/3 of corps moving do not go overseas. They pick a NEW state to relo to.
We need more Christies.
But...but...that's not fair! Why should the evil rich get the same tax cut everyone else gets! The rich aren't paying their fair share! Rabblerabblerabble!
I'm sure Christie will set long term cuts to programs that won't end or be drastically cut until he leaves office and likely runs for the White House.
That way you see, he can keep the services that the poor and middle class earners need and want, and say he lowered taxes. Trouble is in about 5 years, the bill will come due, likely after Christie has left office.
There you go...Christie Todd Whitman page of Governing NJ.
NJ is competing strong for several large NY corps. Bayer left West Haven, Ct, adding NJ facilities the last few years. By building a lareger tax base, one can lower taxes. Christies realization that 2/3 of businesses move to other states is ultra important. To win relocating corps, one must create a lower taxed, lower regulated business-friendly environment.
Florida is tax free + low salary state, yet not too many businesses are coming here, so I am not too sure about your theory about low taxes bringing jobs.
Florida is tax free + low salary state, yet not too many businesses are coming here, so I am not too sure about your theory about low taxes bringing jobs.
I N S U R A N C E
Costs business a ton in this state.
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