November 2,2017
the staff of the Ridgewood blog
Ridgewood NJ, According to the Tax Foundation the United States is hampered by high marginal tax rates and complex business tax rules .Tthe United States once again ranks towards the bottom of the pack on our 2017 International Tax Competitiveness Index, placing in the bottom 5 or number 30 out of 35 OECD countries.
The last time the United States reformed its federal corporate income tax was in 1986. Since then, many of our global competitors have taken steps to simplify their tax codes and lower their marginal tax rates.
The combined U.S. corporate tax rate of 39 percent (which includes average state and local corporate taxes) is significantly higher than the OECD average of 25 percent.
As U.S. legislators move forward with comprehensive tax reform, they should consider the positive effects that lowering our corporate tax rate and simplifying our tax system could have on our competitiveness abroad and economic health at home.
Speaking of taxes why would anybody want to pay Ridgewood’s taxes the rate is ridiculous the town is so overrated I don’t know why people brag aboutTaxes will never go down in the wall you will see in Ridgewood is home is flip-flopping
As of 160 homes for sale in in the village of Ridgewood, And that’s not counting homes for sale by owner. And this is the slow time
Wait until the salt deduction is limited to $10k
Home values in NJ are going to drop