taxes - Page 10 of 35 - THE RIDGEWOOD BLOG.

Posted on June 18, 2019June 24, 2020 by James — Leave a comment

New State Budget Rejects Gov. Phil Murphy’s calls for More Tax Hikes

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Trenton NJ, The New Jersey Legislature is moving aggressively on Democrats’ $38.7 billion state budget proposal .The Democratic controlled state Legislature have insisted they won’t support a Murphy’s millionaires tax, and their proposed $38.7 billion budget preserves just one of the Democratic governor’s proposed tax increases raising the tax paid by HMOs , The legislator took money out of the state’s rainy day fund, cutting some spending and tweaking revenue estimates for the coming fiscal year to balance the budget.

Posted on June 18, 2019June 17, 2019 by James — Leave a comment

New Jersey Business & Industry Association :Data Supports Need for Structural Reforms, No New Taxes

for sale Ridgewood_Real_Estate_theRodgewopodblog

the staff of the Ridgewood blog

Trenton NJ, Behind its continued call for no more taxes and for structural reforms as part of the FY2020 State Budget, the New Jersey Business & Industry Association today re-released its budget data from this year to further underscore why the Garden State desperately needs to reverse course.

“With less than two weeks remaining before the state’s budget deadline, it’s imperative that our policymakers fully understand New Jersey’s fiscal standing,” said NJBIA President and CEO Michele Siekerka. “New Jersey’s debt and pension obligations continue to escalate at unsustainable rates and the FY2019 State Budget alone forced $1.6 billion in higher taxes on our businesses and residents.

Posted on June 1, 2019June 1, 2019 by James — 12 Comments

Retirees Fleeing New Jersey in Droves

the staff of the Ridgewood blog

Ridgewood NJ, no surprise here New Jersey, is the last place where people want to spend their golden years.

Almost 67% of all New Jersey moves were outbound last year, according to a survey from United Van Lines.

United Van lines polled 26,998 of its customers who moved last year, through Nov. 30.

Posted on May 30, 2019May 29, 2019 by James — Leave a comment

No surprise NJ has built in automatic tax hikes! Here’s how it affects you, and how to stop it

the staff of the Ridggewood blog

Ridgewood NJ, In a new GOP web ad released today, Assemblyman Anthony M. Bucco explains how New Jersey’s progressive income tax brackets are reducing wages even when people receive cost-of-living raises.

WATCH: No surprise NJ has built in automatic tax hikes! Here’s how it affects you, and how to stop it.

“When income tax brackets are very close together, pay raises push taxpayers into a higher bracket even though they really aren’t wealthy,” said Bucco (R-Morris). “This can be costly for people and their families who rely on every dollar they earn.”

Posted on May 29, 2019May 28, 2019 by James — 8 Comments

Reader says “Last kid graduates RHS and the family decides to move to Florida or another lower tax state. Are they greedy, or being financially prudent? “

” Man/woman works in NYC. They move to Ridgewood for the ‘whole package’ (let’s leave the school rank out of it for a sec). They have 5 kids, all go to RPS schools K-12. Worker contributes to 401k, 403b, SEP IRA, whatever, and has a possible cash flow from these investments of 5k/month. Last kid graduates RHS and the family decides to move to Florida or another lower tax state. Are they greedy, or being financially prudent? Same goes for government employees. It’s just a desirable financial move. NJ pols (R & D alike) have screwed over the system to fix budgets, cronyism, over-spending, and going on a fiscal bender for decades. I lived here when there was no income tax (thank you Gov Byrne) and the sales tax was 3%. The pension system is broken and the culprits have since split the scene: Byrne, Kean, Florio, Whitman, DiFrancesco, Mc Greevy, Codey, Corzine, Christie. Now, we’re stuck with Murphy who believes that he can tax us out of the problems. With a democrat senate and assembly, it’s his baby now and can ram through as many tax bills as he wants. We have the prerogative to leave. “

Posted on May 28, 2019May 27, 2019 by James — 41 Comments

Sweeney: More New Jerseyans leaving for Florida because of out-of-control taxes

the staff of the Ridgewood blog

Trenton NJ, Please read this Bloomberg News article
https://www.bloomberg.com/news/articles/2019-05-24/migration-s-biggest-loser-is-connecticut-as-florida-profits

As the wealthy leave New Jersey for states with much lower tax burdens, it will be our middle class and the working poor who will make up the difference in higher property tax bills. New Jerseyans already pay the highest property taxes in the country, not to mention we pay among the highest income and corporate taxes as well. Even millennials can’t afford to live here anymore.

Posted on May 26, 2019May 25, 2019 by James — 2 Comments

Professor Murray Sabrin Suggests Support for “Millionaires Tax” filled with economics ignorance and a broken moral compass

by Murray Sabrin’s Road to Liberty

I sent the following letter to the editor (The Record) this morning in response to the essay by several members of the clergy.

Re “Why we support Gov. Murphy’s millionaires tax,” (Your Turn, May 24″).

The essay by several North New Jersey clergy reveals not only their economics ignorance but also a broken moral compass – which is an unfortunate given they make weekly sermons from their respective pulpits.

Posted on May 9, 2019May 9, 2019 by James — 3 Comments

New Jersey Has the Highest Combined Corporate Tax Rate

the staff of the Ridgewood blog

Ridgewood NJ, according to the Tax Foundation the Tax Cuts and Jobs Act (TCJA) significantly reduced the U.S. federal corporate income tax rate from 35 percent to 21 percent, making the U.S. more competitive with other developed nations.

However, it’s important for lawmakers to remember that corporate income taxes at the state level also contribute to the overall tax burden on corporate profits.

Posted on May 8, 2019May 7, 2019 by James — 5 Comments

Sweeney Bashes Murphy’s Latest Millionaire’s Tax Proposal As A Fiscal Charade: ‘For This Governor, The Millionaire’s Tax Is Just A Talking Point’

the staff of the Ridgewood blog

Trenton NJ, Senate President Steve Sweeney issued the following statement in response to Governor Phil Murphy’s latest millionaire’s tax proposal:

“The unexpected surge in revenues the Governor is now claiming is the surge the Legislature expected when we imposed a 2.5 percent surcharge on the millionaire and billionaire corporations that benefited directly from the Republican Congress’ tax cut. It is the Corporation Business Tax surcharge we imposed that has been coming in far over the Administration’s revenue projections – just as the Legislature said it would.

Posted on May 8, 2019May 7, 2019 by James — Leave a comment

Assemblyman Warns Murphy’s Runaway Spending Assures Even Higher Taxes for Weary New Jerseyans

file photo by Boyd Loving

the staff of the Ridgewood blog

Wayne NJ, Assemblyman Kevin J. Rooney warned the state’s economy is in danger without meaningful spending cuts after attending Gov. Phil Murphy’s invitation-only budget roundtable for Passaic County elected officials.

Posted on May 7, 2019May 7, 2019 by James — Leave a comment

Assemblyman says residents drowning in taxes, pushes towns to pledge no rain tax

the staff of the Ridgewood blog

TRENTON NJ, In an effort to provide relief to taxpayers, Assemblyman Christopher DePhillips pushes towns to pledge against passing a rain tax.

“Over the past few days I have joined Assemblyman Ryan Peters by imploring municipalities to oppose the rain tax by taking the ‘no rain tax’ pledge and passing a ‘no rain tax resolution.’” I have reached out to mayors in my district and many of them have agreed that our residents are overtaxed and charging people for rain would only add insult to injury,” said DePhillips (R-Bergen).

Posted on May 6, 2019May 5, 2019 by James — Leave a comment

Reader asks ,”why doesn’t the Assemblywoman care about cleaning up our environment? : and we ask why doesn’t New Jersey ?

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photo courtesy of Derek Michalski‎

the staff of the Ridgewood blog

Ridgewood Nj, a reader made some strong point promoting what they claimed was “protecting the environment “

“So the problem of carrying food home is a false argument: someone goes to the store and carries their own bags, which are empty, they carry the bags home, full. Whether or not they carry their own bags to the store has NO bearing on what they are carrying home! They are carrying the same weight home whether or not they carry their own bags into the store.

Posted on May 2, 2019May 1, 2019 by James — 3 Comments

Memorial Day Weekend is just weeks away and so is Murphy’s New 11.625% Short Term Rental tax

the staff of the Ridgewood blog

Ocean Township NJ, With Memorial Day Weekend and the unofficial start of the summer season just weeks away, Legislative District 11 General Assembly candidates Mike Amoroso and Matt Woolley are pressuring Democratic leadership in Trenton to repeal the 11.625 percent sales and occupancy taxes on homeowners – largely in coastal communities – who directly rent their properties during the summer season.

Posted on April 25, 2019April 24, 2019 by James — 2 Comments

Reader says , “Let’s face it, empty nesters won’t be moving to Ridgewood, but they’ll be moving out”

” Let’s face it, empty nesters won’t be moving to Ridgewood, but they’ll be moving out. The village would need to accommodate more kids either way. It’s therefore reasonable that property taxes would keep creeping up. The best residents can do is closely monitor and influence village spending… and welcome newcomers by sharing best practices that made this place a desirable upper middle class destination in the first place. A passive aggressive approach doesn’t help anyone. And btw, many of NYC newcomers are conservatives, escaping liberal paradise of urban sprawl! You’ll be surprised – you may make some good friends with newcomers! “

Posted on April 17, 2019April 17, 2019 by James — 2 Comments

Tax Freedom Day For New Jersey Residents Falls on April 30th!

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the staff of the Ridgewood blog

Ridgewood Nj, just a reminder New Jerseyans, you have to work longer than residents of every other state, except one New York to cover your tax bill and enjoy Tax Freedom Day . Its April 30th this year . This is just another sign NJ is moving in the wrong economic direction and no in Trenton cares.

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