the staff of the Ridgewood blog
Ridgewood NJ, state Senator Steven Oroho (R) , working with state Senator Paul Sarlo (D), from Wood-Ridge are also asking for New Jersey to join a lawsuit filed by New Hampshire with the U.S. Supreme Court over a similar situation with Massachusetts. New Hampshire has no state income tax, but does have commuters who work in Massachusetts and pay taxes there.
Joining New Hampshire are the states of Connecticut, Iowa, Hawaii, Ohio, Arkansas, Indiana, Kentucky, Louisiana, Missouri, Nebraska, Oklahoma, Texas and Utah.
Oroho, a CPA and financial adviser, worked for 18 years in New York City noted that someone living in New Jersey but working in New York and earning about $50,000 a year would pay New York more than $2,800 in income taxes. In New Jersey, that person would pay about $1,300.
At $100,000 salary, the tax bill would drop from $5,600 in New York to $2,750 in New Jersey. That money would go to New Jersey schools, roads and other expenses, Gottheimer said.
The two also sent a letter to the U.S. Treasury and the IRS to provide new federal guidance to residents to make clear that states cannot tax those who neither live nor work within their boundaries. The U.S. tax deadline is May 15 this year.
Oroho said there are about 400,000 New Jersey residents who currently pay New York taxes, amounting to more than $3 billion. In the pandemic, an estimated $1.2 billion has been paid by those who now work from home, rather than make the commute.
Bipartisanship from 2 moron budget chairman that have driven this state into a fiscal hole 20 miles deep. Little Josh chimes in he wants the money for more spending.
NJ has been missing out on the tax revenue for years. Its about time
You’re not gonna get 100% of people going back to work, especially when I can do the same job home. It’s a no brainer. And when you can do that you can live anywhere. Why would you wanna live in New York City and pay all that money in rent. With all the shootings, robberies, filth, please.
Silence from Spartacus whose busy kissing nancy polosi’s ass.
Silence from menendez too. How does he get to the Dominican republic to bounce around with the young hotties ? Oh never mind Dr Melgen got his sentence commuted.
‘Here’ is in the cloud for WFH employees. It’s going to be that way for the foreseeable future or at least a hybrid.