The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Trenton NJ, Senator Michael Testa slammed the Murphy administration for an extremely muted announcement last week that the State’s long-term debt had grown by $26 billion despite the governor’s promise to cut billions in debt this year.
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Ridgewood NJ, yes that’s right tax the rich but according to the New York Post analysis which found that almost 1,000 people a day are moving to Florida ,mostly from the northeast. Its seems high taxes, high crime rates and lock downs have taken there toll.
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New Brunswick NJ, New Jersey gained back half of the jobs lost due to the coronavirus pandemic but a wide disparity remains between higher-income professionals working at home and lower-wage support workers still bearing the brunt of the economic downturn that has gripped the nation, according to a new Rutgers report.
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Ridgewood NJ, The Tax Foundation’s State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure their tax systems and provides a road map for improvement.
Continue reading The Tax Foundation Rates New Jersey Worst State Business Tax Climate Again!
the Biggest Tax Increase of All?
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Trenton NJ, The state budget approved by the legislature today includes borrowing $4.5 billion and increased taxes on corporations, millionaires, and Health Maintenance Organizations. What’s not in the limelight today is the expected increase in unemployment taxes that will fall on every business next year to pay for the massive number of New Jersians who have filed for unemployment benefits.
Continue reading Leap in Unemployment Taxes will be Final Knockout Punch for Small Businesses
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Ridgewood NJ, Statements from Senate Republican Budget Committee Members on Democrats’ Tax Deal . The four Republican members of the Senate Budget & Appropriations Committee issued the following statements in response to a tax deal announced by Governor Phil Murphy and Democratic legislative leaders today.
Continue reading Senate Republican Budget Committee Members Sound off on Democrats’ Tax Deal
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Trenton NJ, NJBIA President and CEO Michele Siekerka issued the following statement regarding today’s announcement of an agreement between Governor Murphy and legislative leadership to expand the base of those will pay the state’s gross income tax rate from 8.97% to 10.75%.
“This tax increase in exchange for suggested middle class relief is a gimmick that further verifies what we have said all along – increased taxes were always completely unnecessary as part of the FY2021 budget that already includes billions in bonding.
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Continue reading Governor Murphy promised to raise your taxes and boy has he kept that promise.
“NJ with 16% unemployment, has one of the worst unemployment rates in the nation and he is making it legal for illegals to work with a license. How very progressive of him.
In a nutshell Murphy just said that your US citizenship means jack. So other than voting, what is the big advantage of being a citizen in the People’s Republic of NJ? Do you hear the crickets chirping.
Oh yeah, you get to PAY for all the stuff given away.”
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Ridgewood NJ, No one likes paying taxes. Yet, like death, taxes are inevitable. Zippia analyzed state income taxes, property taxes, and sales tax to find the states where residents pay the biggest chunk of their pay towards state taxes. Here are the states where residents are the most aggressively taxed:
The tax code is thousands of pages long, with different rates and intricate rules based on earnings and family situations. While the federal tax code is applied evenly throughout the country, each state has there own tax rates. This means citizens in some states enjoy a light tax load, while others are drowning in tax obligations.
Continue reading New Jersey is the Second Highest Taxed State in America
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Jersey City NJ, according Jersey City Mayor Steven M. Fulop announcing the first steps to confront the $70 million budget impact COVID-19 will have on the municipal budget of Jersey City.
The city will offer a voluntary separation package for those who have 15 years or more of service with the city. There are currently over 400 employees eligible for the voluntary package with a combined total salary of $22.7 million. Applicants will receive $20,000 or 25% of their salary, whichever is greater. Applicants must respond by April 20th and date of separation will be May 1st.
So one questions ,where is the tax money going to come from if nobody is working?
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Ridgewood NJ, Gov. Murphy often showed his disdain for taxpayers when he told business leaders that New Jersey may not be their state if they are concerned about tax rates. New Jersey Gov. Phil Murphy love raising taxes and has even managed to raise taxes during the coronavirus pandemic . But high taxes apparently cant buy you everything and New Jersey needs help with its antiquated computer systems .How antiquated , so old in fact the states main frames use a 1950 computer language known as COBOL.
Continue reading New Jersey is Looking for COBOL Programmers ?
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Trenton NJ, New Jersey Business and Industry Association Vice President of Government Affairs Chris Emigholz called for a stop on “unrelenting” and “unnecessary” tax increases in his testimony on the FY 2021 State Budget before the Senate Budget and Appropriations Committee today at the New Jersey Institute of Technology.
Continue reading New Jersey Business and Industry Association Says ,”No Tax Increases”
If the state were a business, it would be bankrupt. The difference is that taxpayers are more certain than customers to provide a stream of revenue.
It just so happens that the number-one taxpayer target for Democrats is businesses — the job creators that help the economy grow and help people afford putting food on the table for their families and themselves. When the cost of living is too high because of taxes, which drive up prices of the products we buy and limit the money we have to buy them, Democrats tell businesses that they have to raise wages.
Continue reading We can’t grow the economic pie if government eats it
