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To: aculeus; Clemenza
Under McGreevey, New Jersey also instituted its own estate tax, kicking in at $675,000 in assets, well below the $2 million starting point for the federal death tax. Now a Jersey resident dying with $1.9 million in savings will owe the state nearly $100,000—an egregious levy that makes Jersey Number One in the country in per-capita death-tax collections. Perhaps to protect its residents from dying with too much wealth, the state also raised taxes on retirees with $100,000 or more in annual income, charging them extra to help pay public-sector retirees.

Shouldn't the New Jersey estate tax be called the Retiree Florida Relocation Act?

6 posted on 01/16/2007 10:16:43 AM PST by Paleo Conservative
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To: Paleo Conservative
The Blue State future is a Democratic one in which a thin crust of rich liberals rules over a huge mass of poor liberals and both vote Democratic.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

8 posted on 01/16/2007 10:25:52 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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