Tag: taxes

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Phil Murphy the Anti-Business Governor

the staff of the Ridgewood blog

TRENTON NJ, NFIB, the leading small business association in the nation, with thousands of members in New Jersey reacted today to Governor Phil Murphy’s statement on taxes made at a Rowan University according to a news outlet. KYW reported that the Governor said “If you’re a one-issue voter and tax rate is your issue, either a family or a business if that’s the only basis upon which you’re going to make a decision, we’re probably not your state.” NFIB’s State Director in New Jersey, Laurie Ehlbeck commented on Gov. Murphy’s statement:

“Taxes are one of the top concerns of the nearly 900,000 small businesses in the state, and it’s unbelievable that the Governor would imply with his words if that’s so, New Jersey is probably not their state. He is implying they are unwelcome if they don’t want to pay more–that is ludicrous.

“It’s becoming clear that our Governor’s goal is to spend, spend, spend, and even though legislative leaders fought him on that, he is now attacking those who pay the state’s bills, small business owners. If they take his suggestion and leave New Jersey, our state will be a very sorry place. Its already ranked among the worst for high taxes.”

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What teachers should know about deducting out-of-pocket classroom expenses

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by Beata Savreski CPA, MST Individual and Business Tax

Upper Saddle River NJ, now that fall is here and school has started, many teachers are dipping into their own pockets to buy classroom supplies. Doing this throughout the year can add up fast. Fortunately, eligible educators may be able to defray qualified expenses they paid in 2019 when they file their tax return in 2020.

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Governor Murphy Tells Residents to Leave if They Don’t Like the High Taxes

the staff of the Ridgewood blog

Trenton NJ, Senator Declan O’Scanlon said the governor showed his true colors when he suggested to business leaders at Rowan College that New Jersey may not be their state if they are concerned about tax rates.

“It’s outrageous that Gov. Murphy is telling families and employers they can ‘take it or leave it’ if they have a problem with New Jersey’s high taxes,” said O’Scanlon (R-Monmouth). “He should be working with the Republican caucus to make New Jersey more affordable. He should be listening to everyone who is telling him they can’t pay more and the many analysts and independent ratings agencies sounding the alarm that New Jersey is headed for disaster if we don’t get our fiscal house in order.  Suggesting our highest earning – and the top-taxpaying – residents might be better off leaving is exactly the wrong message.”

In a report for KYW Newsradio, Murphy was quoted: “If you’re a one issue voter and tax rate is your issue … if that’s the only basis upon which you’re going to make a decision, we’re probably not your state.”

“If you don’t like it, get out? That’s no way to treat the employers who are providing jobs and benefits for New Jersey families,” said O’Scanlon. “Murphy is so obsessed with spending money on his leftist priorities that he is daring employers to load up the trucks and leave. That’s a dangerous message that may cost people their jobs.”

Last year, twice as many people moved out of the state than moved in. Once again, New Jersey lost more people than any other state as the population slumped to pre-2013 levels. And it’s high-net-worth and high earners – who already have houses in Florida – that have the lowest barriers to moving and have the most to gain by doing so.

New Jersey is ranked No. 5 in Kipplinger’s list of “The 10 Least Tax-Friendly States in the U.S.” The publication said the state “brings the hammer down” on residents when they buy a home with property taxes that are the highest in the nation. “The state-wide average property tax on a $400,000 home in New Jersey comes to a whopping $10,120,” the report said.

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New Jersey Business & Industry Association : “New Jersey’s taxes are exorbitant”

NJBIA Statement on First Anniversary of Murphy Administration Economic Plan

the staff of the Ridgewood blog

Trenton NJ, NJBIA President & CEO Michele Siekerka, Esq., made the following statement on Tuesday regarding the one-year anniversary of the release of Gov. Phil Murphy’s economic plan.

“Through the first year of the plan, the administration has taken some much needed steps to put New Jersey on the path to regain its stature as the Innovation State. This is a vision shared by NJBIA, recognizing New Jersey’s location, workforce and infrastructure.

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New Jersey’s structural challenges continue to hold back the state from achieving competitiveness

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the staff of the Ridgewood blog

Ridgewood NJ, Tom Bracken and Michele Siekerka of Opportunity New Jersey (ONJ) are on a mission to make New Jersey more attractive for businesses — and more affordable for employers and residents. The two business leaders presented this week at a meeting of the Greater Atlantic City Chamber of Commerce board of directors, where they spoke of the importance of putting the state’s economy on the right track.

Continue reading New Jersey’s structural challenges continue to hold back the state from achieving competitiveness
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WallHub Claims New Jersey is the 5th Happiest State ?

for sale Ridgewood_Real_Estate_theRodgewopodblog

the staff of the Ridgewood blog

Ridgewood NJ, in 2018 New Jersey became the No. 1 state to move away from , according to new data from moving and relocation company United Vans Lines.

The top reason why residents left was for a professional opportunity, the United Vans Lines data shows. Of all the residents who moved out, 46 percent listed “job” as the deciding factor.“A leading motivation behind these migration patterns across all regions,” in fact, “is a career change,” the report says. About “one out of every two people who moved in the past year moved for a new job or company transfer.”

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Rutgers-NJBIA poll:eighty percent of respondents said they pay too much in property taxes for the services they receive

the staff of the Ridgewood blog

Trenton NJ, Assemblyman Anthony M. Bucco, the Republican Conference Leader, called out the Democrats today for not addressing property taxes. The Assembly met to expand a vote-by-mail law and didn’t consider any other bills.

Bucco said that if the legislature spent time on the number one issue for voters, turnout wouldn’t be a problem. A Monmouth University poll found that property taxes were far and away the most important issue to voters. That was followed by a Rutgers-NJBIA poll, where eighty percent of respondents said they pay too much in property taxes for the services they receive, and that state government isn’t doing enough to address cost of living and affordability.

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New Jersey Has A Budget

the staff of the Ridgewood blog

Trenton NJ, Govenour Murphy has caved saying he will sign the states $38.7 billion budget by the midnight Sunday deadline, in order to avoid a shut down. The Democratic governor said his exact actions on the budget “are still to be determined.”The governor added the dramatic flair saying , “I can”t play politics with innocent lives in the state,” Murphy said. “I’ve taken shutting this government down off the table.” Murphy added he wanted to reassure New Jersey residents and visitors that politics wouldn’t spoil their planned Fourth of July revelry or shutter important state services.A shutdown would have likely closed state parks and beaches, shuttered government services like courts and the DMV, and left thousands of government workers furloughed.

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Murphy’s Tax Rhetoric Helping Other States to Lure Residents, Jobs from NJ

Phill Murphy -Sara Medina del Castillo

New Jerseyans Understand “Tax Fairness” Means “Tax Increase”

the staff of the Ridgewood blog

Trenton NJ, Senator Declan O’Scanlon said that Governor Phil Murphy’s continued demand for higher taxes under the guise of “tax fairness” is only helping the efforts of low- and no-tax states like Florida that are actively working to lure residents, employers, and jobs from high-tax New Jersey.

“Florida is already running compelling advertising campaigns that are targeting both families and employers in our area who are fed up with paying some of the highest tax bills in the nation,” said O’Scanlon (R-Monmouth). “The data shows that people are paying attention to those sales pitches, and they’re packing up and leaving New Jersey for more affordable places that promise a significant tax savings.”

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Reader says , “Cost of Professional Firefighters minuscule compare to the money pissed away on sports fields, parking garages and th bloated school budget.”

file photo by Boyd Loving

“The waste of tax dollars is the schools trying to educate your low iq offspring. I have lived here for half a century and there is zero chance of getting a sufficient number of volunteers. The ambulance can’t get enough to staff it during the day and that’s only requiring 2 people. Response time is critical. The rfd has always been prompt for fire and medical calls for my neighbors and those of us long time residents who subsidize you newby NY transplants and we are tired of your whining. The cost is minuscule compare to the money pissed away on sports fields, parking garages and th bloated school budget.”