The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
photo NJ billionaire Jon Corzine
the staff of the Ridgewood blog
Washington DC, Congress’s own Joint Committee on Taxation, the official scorekeeper on tax policy changes finds that two out of every three taxpayers with incomes over $1 million and nearly nine of 10 with incomes between $500K – $1 million get a net tax CUT from the Build Back Broker bill. This is because Congress vastly expands the state and local tax deduction – a huge tax break for the top 1% in blue states.
November 4,2016
the staff of the Ridgewood blog
Ridgewood NJ, In 4 days, millions of Americans will go to the polls to decided everything from local ballot questions to the next President of the United States.
This year has been a busy one for tax policy. Throughout this year’s election, every major presidential candidate put forth a comprehensive tax plan (in some cases more than one), and at the state and local level, a number of tax policy proposals have made it on to ballots, some of which would be momentous if passed.
All of this can be difficult to keep track of and even harder to understand. The Tax Foundation has worked hard over the past year to provide Ridgewood blog readers and the media with the most accurate, timely, and accessible information possible on the tax policies being proposed.
To that end, here are 3 resources that we hope you and other taxpayers will find useful before entering the voting booth next week:
