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The Laffer Curve Strikes Again: Lower Tax Rates, More Revenue

the staff of the Ridgewood blog

Quick history lesson:

Ridgewood NJ, When the founders of the Committee to Unleash Prosperity (Laffer, Kudlow, Forbes, and Moore) advised Donald Trump back in 2016 on tax reform, we recommended a 20% corporate tax rate, because the U.S. rate of 40% (when including state taxes) was the highest in the world. This incentivized capital to flow out of the U.S. to leverage lower tax rates in Europe and Asia.

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The US Supreme Court Refuses to hear the SALT Deduction Challenge

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file photo courtesy of Boyd Loving

the staff of the Ridgewood blog

Ridgewood NJ, the United States Supreme Court rejected New Jersey and other states’ requests to restore the full income tax deduction for state and local taxes (SALT) .

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AARP Poll Finds 83% of New Jersey Voters 50 or Older are likely to Leave the State

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the staff of the Ridgewood blog

Ridgewood NJ, according to a new poll from AARP two out of five New Jersey voters 50 years old or older considered leaving the state to live elsewhere in the last year.

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So We Guess TurboTax is Not Really Free ,Free after all

FTC Sues Intuit for Its Deceptive TurboTax “free” Filing Campaign

the staff of the Ridgewood blog

Ridgewood NJ, the Federal Trade Commission is taking action against Intuit Inc., the maker of the popular TurboTax tax filing software, by issuing an administrative complaint against the company for deceiving consumers with bogus advertisements pitching “free” tax filing that millions of consumers could not use. In addition, to prevent ongoing harm to consumers rushing to file their taxes, the Commission also filed a federal district court complaint asking a court to order Intuit to halt its deceptive advertising immediately.

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NJ State Senators Say its Time to Recognize the Impracticality of the Governor’s Proposed Energy Master Plan

the staff of the Ridgewood blog

Trenton NJ, Senators Steven Oroho and Anthony Bucco welcomed the Board of Public Utilities’ cost study of Governor Murphy’s Energy Master Plan but chastised the Administration for the unexplained two year delay.

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An Easy Guide To Understanding How Offshore Trusts Work

Offshore Trusts offer a safe haven from the courts and creditors of other states and help you avoid both your own country’s tax system and their banks’ reporting requirements. Offshore trust laws provide a level of confidentiality and privacy that many people find attractive.

Your money is separate from the client operating the trust, so there is no way for the courts to make you reveal any financial information. The trustee will only disclose this information to appropriate parties.

Originally, Offshore Trusts were used by people who had concerns about their own governments and wanted to secure their assets outside the reach of their home country’s legal system. However, there are several reasons why you could set up an Offshore Trust.

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WalletHub Study : New Jersey Is 2022’s Worst State to Retire

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file photo by Boyd Loving

the staff of the Ridgewood blog

Ridgewood NJ, a new WalletHub Study rates New Jersey the worst place to retire. With 27% of all nonretired adults having no retirement savings, the personal-finance website WalletHub today released its report on 2022’s Best States to Retire. 

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Everything You Wanted to Know About Budgets in the Village of Ridgewood, But Were Afraid to Ask Presentation

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the staff of the Ridgewood blog

Ridgewood NJ, on December 13, 2021 , at Village Hall Court Room (4th floor) , Everything You Wanted to Know About Budgets in the Village of Ridgewood, But Were Afraid to Ask Presentation – 7:00 p.m.  with Robert Rooney, Village Chief Financial Officer . He  will give a presentation on how the Village of Ridgewood’s budget is established each year. There will also be a time for questions and answers. Please come out and learn about the Village budget, prior to our budget meetings in January/February 2022.

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Five Decades Later the Rutgers-Eagleton Poll Still Finds Taxes to be Most Important Problem Facing New Jersey

“If taxes are your issue, then New Jersey’s probably not your state ” , New Jersey Governor Phil Murphy 

the staff of the Ridgewood blog

New Brunswick NJ,  not much has changed in 50 years when it comes to New Jersey’s most important problem, according to a Rutgers-Eagleton Poll. Then and now, New Jerseyans rate taxes – including property taxes – as their number one concern.

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NEW JERSEY’S STEALTH INCOME TAX HIKE : INFLATION

NJ Tax Bracket Creep 

the staff of the Ridgewood blog

Ridgewood NJ, last week’s federal Producer Price Index report showed that prices for basic  goods across the country surged at a rate unseen in 31 years.

As Jared Walczak of the Tax Foundation noted in an analysis, “Inflation is often called a hidden tax, but in many states it yields a far more literal tax increase as tax brackets fail to adjust for changes in consumer purchasing power.”

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Bernie and Murphy, Perfect Together, Horrible for Jersey

the staff of the Ridgewood blog

Jersey City NJ, After an appearance with the most unpopular Democratic President in 40 years, Joe “Bare Shelves” Biden drew all the excitement of drinking warm milk while watching wet paint dry, failed Governor Phil Murphy is getting increasingly desperate. His solution? Call in the most famous Socialist obstructionist of all, comrade Bernie Sanders.

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Last Call for Commonsense

by Joshua Sotomayor-Einstein

The gubernatorial election ending when polls close Tuesday evening on November 2nd is not about right versus left or Republican versus Democrat. This election is about whether we will be governed by commonsense or by out-of-touch extremism. Gubernatorial candidate Jack Ciattarelli has been an advocate for NJ families, working and middle class residents, taxpayers, job growth, and freedom for New Jerseyans of all races, ethnicities, and backgrounds. Phil Murphy, the disastrous incumbent governor, has pursued policies which have killed 8,000 nursing home residents, increased the cost of living on working and middle class New Jerseyan’s, and has been busy destroying over 1/3 of NJ small businesses and the state economy.

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Republican Jack Ciattarelli Within Striking Distance

the staff of the Ridgewood blog

Trenton NJ, with Virginia’s governor race getting all the national attention, the sleeper election this year is in New Jersey where Governor Phil Murphy is running for re-election.

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Reversing The American Economic Recovery

the staff of the Ridgewood blog

Ridgewood NJ, millions of jobs that will be created by all the government spending , what the press and politicos are avoiding is the jobs massive tax increases will cost the economy?

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