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Tag: taxes
Urgent business, employee relief package Needed for New Jersey
the staff of the Ridgewood blog
MIDLAND PARK NJ, In light of a business survey that found 45 percent of employers would close within three weeks, and over 83 percent within 11 weeks, Assemblyman Christopher DePhillips said he will work on providing state-level relief for businesses. He says the best way to start is ensuring current-year income will last beyond the pandemic.
Continue reading Urgent business, employee relief package Needed for New Jersey
New Jersey Ranked Highest Property Taxes in the Country
the staff of the Ridgewood blog
Ridgewood NJ, Each year, the average American household spends $2,375 on real-estate property taxes plus another $441 for residents of the 27 states with vehicle property taxes. With such high costs, it’s no surprise that more than $14 billion in property taxes go unpaid each year, according to the National Tax Lien Association.
Continue reading New Jersey Ranked Highest Property Taxes in the Country
New Jersey Families Need Tax Relief Not More Taxes
the staff of the Ridgewood blog
Trenton NJ, Senator Anthony M. Bucco said calls from a progressive coalition for $3 billion of higher taxes and new spending is the exact opposite of what New Jersey should do to improve affordability for families.
“Despite what these left-wing groups are saying, New Jersey’s problem isn’t that we tax and spend too little, it’s that we tax and spend too much,” said Bucco (R-25). “How many times have we been promised that another billion or two in taxes is the answer to all of our state’s problems? It’s never worked. We’re now stuck with the highest taxes in the country and a crisis of affordability that’s driving families and retirees from New Jersey in droves.”
Continue reading New Jersey Families Need Tax Relief Not More Taxes
New Study Shows New York, New Jersey Face Largest Population Decrease In The U.S.
file photo by Boyd Loving
the staff of the Ridgewood blog
Ridgewood NJ, just one day after progressive groups lobbied Governor Murphy for massive tax increases ,a new study finds that New York and New Jersey are losing more residents than any other states.
The career website Zippia looked at the population data from the Census’ American Community Survey to determine the states with the largest population decrease from 2017 to 2018, which is the most recent data available.
Continue reading New Study Shows New York, New Jersey Face Largest Population Decrease In The U.S.
Trump Reinstates Above-the-Line Education Tax Deduction
James Brown CPA
Ridgewood NJ, On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, among them retroactive extension of certain tax provisions that expired after 2017 or were about to expire, several retirement and IRA plan modifications, and other changes that will, as a whole, impact a large portion of U.S. taxpayers. This article is one of a series of articles dealing with those changes and how they may affect you.
Continue reading Trump Reinstates Above-the-Line Education Tax Deduction
Money Continues to Flee New Jersey to Greener Pastures
file photo by Boyd Loving
the staff of the Ridgewood blog
Ridgewood NJ, According to Internal Revenue Service (IRS) data released last week, New Jersey experienced an outflow of nearly $3.2 billion in Individual Income Tax Return Adjusted Gross Income (AGI) for tax year 2017-2018.
Yet, Governor Phil Murphy remains committed to a millionaire’s tax. With Lieutenant Governor Sheila Oliver standing behind him, the Governor cited the tax as beneficial to prepare for a “rainy day.”
Continue reading Money Continues to Flee New Jersey to Greener Pastures
Governor Murphy Signs Bill , Taxpayers to Add $9.5 Million to Planned Parenthood’s Abortion Business
the staff of the Ridgewood blog
Trenton NJ, The signing of A5802/S4103 today is a disgraceful money grab by the Majority Party and Governor which will use our tax dollars to circumvent federal law to repay and subsidize a private, non- profit organization who financially supports them at election time. A5802 will allocate $9.5 Million from the general fund, which is money generated by NJ taxpayers, exclusively to NJ Planned Parenthood affiliates to replace funds they will not be receiving from the Federal Title X Program because they refused to comply with new rules requiring Title X family planning recipients to physically and financially separate their abortion business from their family planning services.
NJ Tax Preparer Admits Conspiring To Commit Tax Fraud Thru False Filing of 1099’s
the staff of the Ridgewood blog
NEWARK NJ, An Essex County, New Jersey, tax preparer today admitted her role in conspiring to defraud the IRS and filing false personal tax returns for a New Jersey business owner and two other individuals, U.S. Attorney Craig Carpenito announced.
Zenobia Williams, 52, of Maplewood, New Jersey, pleaded guilty before U.S. District Judge Kevin McNulty in Newark federal court to one count of conspiring to defraud the IRS by reporting false business expenses on the business owner’s tax return to fraudulently reduce his tax liability and by reporting those sham expenses as income on two other individuals’ tax returns to obtain unwarranted refunds for them.
Continue reading NJ Tax Preparer Admits Conspiring To Commit Tax Fraud Thru False Filing of 1099’s
*Zero* climate-alarmist predictions have come true over the past couple centuries
by Jason Vigorito
Thought for the day:
*Zero* climate-alarmist predictions have come true over the past couple centuries. Like this one. In fact, the exact opposite has happened in many cases.
Why do so many of you still believe in it on blind faith? How many more hundreds of abysmal predictions and more mountains of evidence will you continue to believe before even considering changing your mind? I can’t think of a more religious and anti-scientific position to have at this point.
The position is also deeply immoral and unethical in that there is deep-rooted hope for a climate apocalypse to occur and wreak massive destruction upon all life.
Wealthy Primary Beneficiaries of SALT Tax deduction
the staff of the Ridgewood blog
Ridgewood NJ, You may hear some of New Jersey’s representatives in Washington talking about how the “Middle Class” would benefit from a repeal of the SALT deduction cap.
And then there’s reality. A chart made by Congressman Josh Gottheimer tells the story he probably doesn’t want you to know.
The largest beneficiaries , the rich.
Murphy Administration Focuses on Raising the SALT Cap Instead of lowering the Coast of NJ Government through Structural Reforms
the staff of the Ridgewood blog
Trenton NJ, Senator Steven Oroho said the Murphy Administration should widen its focus beyond efforts to lift the cap on the federal income tax deduction for state and local taxes (SALT) by joining bipartisan efforts to lower the combined tax burden of New Jersey families:
Continue reading Murphy Administration Focuses on Raising the SALT Cap Instead of lowering the Coast of NJ Government through Structural ReformsRidgewood Has Become a Transient Town
the staff of the Ridgewood blog
Ridgewood NJ, in the last 14 years of running the Ridgewood blog every time someone claims higher taxes are needed for something they are always the first people out the door when the last child graduates .Ridgewood has sadly become a transient town .
Continue reading Ridgewood Has Become a Transient TownMurphy Administration Goes After Uber for Payroll taxes
the staff of the Ridgewood blog
Ridgewood NJ, the Murphy Administration is looking to harvest nearly $650 million in back taxes and penalties from Uber Technologies, making New Jersey the latest front in a nationwide battle over whether drivers who work for ridesharing companies are considered employees or independent contractors.
Uber and subsidiary Rasier were assessed $523 million in past-due taxes during the past four years for misclassifying drivers, the New Jersey Department of Labor said in letters to the companies, according to Bloomberg Law. The rideshare businesses also are on the hook for as much as $119 million in interest and penalties on the unpaid amounts, internal department documents obtained by the news service show.
Elected public officials have a responsibility to deliver essential public services at the lowest possible cost to taxpayers
The following editorial by Senator Mike Doherty was published by NJ.com on November 8, 2019:
Elected public officials have a responsibility to deliver essential public services at the lowest possible cost to taxpayers. Too often, however, we see officials at all levels of government resigned to the notion that New Jersey will always be a high-cost place. They accept as fact that it’s impossible to fix our roads or build new schools without levying the highest taxes in the nation.
Continue reading Elected public officials have a responsibility to deliver essential public services at the lowest possible cost to taxpayers
