Posted on 05/14/2006 10:30:34 AM PDT by wjersey
New democrat trend, but 9% swing would have me in Florida.
Have you ever been to Florida? Yes,the taxes are low...but from March to November the heat and *humidity* will choke ya.
Ayn Rand would have loved this. May NJ tax itself into the poorhouse.
McVey
You will pay...or else.
Actually these ex-Goldman officials appointed by Corzine are talking a lot more sense than any other Democrat in recent NJ history.
At least they are acknowledging that the current tax policy is unsustainable. I think Corzine's recent move to boost the sales tax (which obviously is broad-based) may be a step away from the "soak the rich" Socialist nonsense of former Democrat administrations.
After all, all these ex-Goldman officials now running the government... they are all multi-millionaires themselves.
I live in NYC and these politicians have no clue. Our minimum wage has priced out labor in rural NY state, which is emptying out. Much of the financial industry is slowly heading to NC or other parts. There is growth, but there is starting to be a hallowing out. I already pay top bracket here and am not happy about it at all. Once the work dries up, Ill leave town and leave these socialists to finish turning the place into Detroit.
Of course, NJ just did vote in Gov Goldman Sachs. Will they get smart and change his name to Florio?
This is en example of why Federal taxes are so undesirable. If a state raises taxes too high, you can simply leave because you have a choice whether or not to stay there. If the Fed taxes are raised too high there's no escape.
Good.
I hope rich New Jersyeans continue to come to Florida (paradise on earth).
I am in the residential real estate business, and that means more buyers.
In the words of Nelson Muntz, "Ha-ha!"
California is trying to adopt this policy, Proposition by Proposition. When enough people get wise to that, they'll simply declare a Fiscal Emergency as cover for "temporarily" rescinding Prop 13.
Wealth creation by individuals is a bad thing to most on the Left. I'm sure NJ will be better off without those people, right? It is a beautiful state, too bad.
New Jersey needs to look at what its role models from the past have done. East Germany, for example. Just build a big wall with barbed wire on top and armed sentries. Problem solved.
"New York's auditors went after him when he worked for Goldman Sachs in Beijing, something that "seemed horrible then, when I was on the other side, but doesn't sound so bad now," Abelow said with a laugh."
Yeah, dude, that is definitely a knee slapper. There is no hope for NJ taxpayers so long as their public officials have that attitude.
Oh I forgot you first have to change your name to Mohammed then the demo/socialists will no longer allow your records to be searched.
KoRn:
Not any more. I spend some time at a conference in the Netherlands this fall and the Dutch papers were full of talk about the flight of the rich out of their country. Seems it is reasonably easy to move your base with our electronic communication possibilities. The big investors, think Rupert Murdoch, don't have to stay any place. Of course the people they leave behind starve and then vote against the remaining rich and loot them and then they leave and then . . . .
McVey
New York has a sophisticated tax-enforcement program that routinely audits former taxpayers who may have only partially moved out of state. The top income tax rate for the state is 6.85 percent, and New York City charges an additional 3.64 percent income tax.
"We seek to establish a paper trail for how you're spending your time," said Michael Bucci, a spokesman for the New York Division of Taxation. "If you claim no one is at your house, then who is making those phone calls? Why is the electric bill so high?"
New York accountants say state residency audits, which they describe as formidable, also demand E-ZPass and credit-card records.
Abelow said he is examining New York's efforts "very closely," with an eye toward stepping up enforcement in New Jersey.
_____________________________________
Good Lord!!
Get OUT of these two toilets, New Jersey and New York, and do not look back.
Run, don't walk.
Sam:
By all accounts Rhodesia (oops) Zimbabwe is a beautiful place too. I wonder if NJ has realized that they are running a sophisticated parallel to Zimbabwe.
Sadly, they will get what they deserve. And I do not see John Galt approaching the podium.
McVey
nah, couple of months thats all
Excellent point. Whether they have "probable cause" or not that you are trying to commit the crime of tax evasion, the idea that they can just quietly call the electric company, the phone company, your bank, your credit card company, et al, pore over all your records, and one fine day show up at your NY/NJ doorstep with a big folder and a smug grin and start playing This Is Your Life is almost terrifying.
Cash is king!
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