file photo by Boyd Loving
June 1 2018
the staff of the Ridgewood blog
Ridgewood NJ, a recent poll published in the Ridgewood blog found that barely 50 percent of New Jersey residents thought the state was a good place to live. The state has the worst business climate in the nation, and residents pay the highest average property tax bill.
For his part Governor Phil Murphy’s first executive budget promises to make the state even more unwelcoming by crushing Jersey families and businesses with over $1.5 billion in new taxes and fees.
That figure totals more than 4 percent of the state budget. It will be a mammoth tax increase on people who cannot afford it.
The $1.5 billion-plus tax hike facing New Jerseyans includes:
$765 million millionaire’s tax hike.Increasing tax on income over $1M from 8.97 percent to 10.75 percent . A millionaire’s tax would be added, just as the Governor complains about new limits on state and local tax deductions hurting wealthy residents – a reminder he’s concerned about milking these folks for revenue, not about reducing their tax burden.
$581 million sales tax hike. Sales tax increased to 7 percent. Adding sales tax on Uber, Lyft, and Airbnb Expanding Internet sales tax beyond New Jersey’s borders.
$59 million from new tax on vaping products, and hike on tobacco products.75 percent wholesale tax on e-cigarettes. Increasing wholesale tax on tobacco products to 68 percent
In a $100 million carried interest money grab , the Murphy budget also includes a “fee” (actually a tax) on carried interest. There is no carried interest “loophole”, but either way that is a debate about the federal code, it’s not a state issue. It’s an insult to peoples’ intelligence to sell them on a tax hike with inaccurate “loophole” talk.
Yesterday Murphy even reintroduced the failed individual mandate tax for New Jersey as Murphycare .
And of coarse just in time for the summer driving season an increase in the gas tax is on the table .
2017 General Election Results (Ridgewood)
38.2% Kim Guadagno
59.6% Philip Murphy
The pubbie was a democrat-lite. New Jerseyans prefers the genuine article.
That says it all 10:21.
yes… you idiots voted for this socialist… now you reap the rewards.
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I am continually amazed at the ignorance of RW residents who continue to vote against their self interests.
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The people spoke at election. People want Murphy. Regardless of damage he is about to inflict in everyone’s pocket and the state as a whole people just can’t resist his charm. He even declared he would rob people if elected via tax hikes etc. and RWG voted 60% for him. He is so handsome and convincing, even the smart stay at home moms and their Wall Street husbands couldn’t resist. Rejoice. Phil is about to screw us en masse.
The same voters that backed the 3 amigos voted for Murphy
I’ll never understand why anyone in Ridgewood voted for this guy.
People are so blinded by the ‘party’ designation they can’t even see the BS anymore. No one in NJ should be shocked as if you didn’t then certainly your family and neighbors voted for Murphy. He is going to be the nail in the coffin of NJ. Most people would leave if they didn’t want to be connected with family and friends, but once the children move out the parents have no qualms about getting out. Advice to the newly married/parents: Get out and take your parents with you – it will be the best choice you ever made and in six months you won’t even think NJ anymore.