New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster (Title)

Vanity | 03/14/2018 | Self

[goldstategop]

When things get bad, they occasionally elect a RINO.

But they are completely unwilling to reverse course and turn their situation around.

I see no reason why the rest of the country should bail them out. Let them live the way they do.

[CptnObvious]

With so many wealthy people fleeing this state

You mean EXODUS, and that includes THEIR BUSINESSES AS WELL!

[forgotten man]

Here is an idea that is being discussed in Sacramento. Apply the outrageously high sales tax to personal services such as labor for car repairs, haircuts, dry cleaning, dental services, etc.

[roadcat]

I have an idea to fix the problem. Cut all state department budgets by 10 percent across the board. All state departments must also trim personnel positions by 10 percent. Put a hiring freeze in place. These three moves are easily accomplished by trimming waste, unfilled positions and not hiring new employees. Negotiate a new contract for new hires that lowers the pension formulas or outright bans them; the hiring freeze not to be lifted until a new contract is in place. And trim overtime use by 50 percent. All this can be done, but democrats never want to do it, preferring to bleed taxpayers dry.

[goldstategop]

A services tax.

About the only thing Democrats haven’t figured out yet is how to tax the dead.

Give them time.

[kaehurowing]

Don’t go to Californy, it’s not the place you wanna be, it’s in just as bad shape as o-o’ld Jerse-ey. (Illegals that is, the homeless, drug addicts).

[SkyDancer]

Well maybe if they’ll tax snow it won’t land there just like CA did with clouds. That’s why they had that long drought.

[cgbg]

I think they want to tax Uber etal.

Just wait for it-in a few years they will put a mandatory tracking chip in you and tax you for distances walked... :-(

[CptnObvious]

Oddly enough, the sales tax hike is probably a great idea

Maryland and Pennsylvania sales tax is 6%. New Jersey is now 6.875%. So raising NJ sales tax makes customers shop outside this Small State all the more.

DOH!

[Buckeye McFrog]

Youse voted fuh dis.

[CarolinaReaganFan]

Awwww, just tax the doughnuts if Christie Creme still lives there ..

[A_Former_Democrat]

dis yeeeer

[Undecided 2012]

Delaware is zero. Many from SJ and South eastern Pa shop big items in Delaware

[goldstategop]

Its still way below Canada’s combined federal and provincial sales tax - even with the hike.

[ProtectOurFreedom]

NJ is SO BROKE that they are going to include a "path" to free community college, pass a $15/hour "livable wage", and provide a huge increase in subsidy to their transportation authority. They think the "millionaire's tax" and increased sales tax rates will solve all their ills.

Exactly how hard is it to look at other states that have tried this for ilustration? To wit, a short nine years ago:

Millionaires Go Missing
Maryland's fleeced taxpayers fight back.

May 27, 2009. Wall Street Journal

Here's a two-minute drill in soak-the-rich economics:

Maryland couldn't balance its budget last year, so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore and Bethesda also impose income taxes, the state-local tax rate can go as high as 9.45%. Governor Martin O'Malley, a dedicated class warrior, declared that these richest 0.3% of filers were "willing and able to pay their fair share." The Baltimore Sun predicted the rich would "grin and bear it."

One year later, nobody's grinning. One-third of the millionaires have disappeared from Maryland tax rolls. In 2008 roughly 3,000 million-dollar income tax returns were filed by the end of April. This year there were 2,000, which the state comptroller's office concedes is a "substantial decline." On those missing returns, the government collects 6.25% of nothing. Instead of the state coffers gaining the extra $106 million the politicians predicted, millionaires paid $100 million less in taxes than they did last year -- even at higher rates.

[bobcat62]

Chip? Just tax the air you breathe.

Again, just give NJ time.

[hanamizu]

Here is an idea that is being discussed in Sacramento...apply high tax to personal services...

---

Just spent some time in North San Diego County. Lovely place (if you don’t count the homeless pushing their stolen shopping carts down the sidewalk). But the major streets often have extensively planted medians. The medians have to be tended, watered, etc. by public employees. Certainly very nice to look at and have—but is it necessary? Necessary for a state that is going broke? (I know, then there’s the bullet train to nowhere.)

One road sign I enjoyed stated that the route was to be “rehabilitated” in the fall. Well I guess if you can’t rehabilitate prisoners, you try your luck with roads.

[EvilCapitalist]

Great /sarc. The people will flee New Jersey to Pennsylvania, and then vote for politicians who will do the same thing here.

[robroys woman]

I read a story about 30 years ago about some Colorado town that built up a huge debt. Apparently the taxes got so high that a lot of people left, leaving a smaller pool of taxpayers among which to spread out the debt, resulting in property taxes that were comical. Comical as in so high that you paid the value of your home, just in property taxes, over a year or two - or something like that.

I was reading about it because it had already became a financial disaster, which is why it was an interesting story. People forget that the tax payers really ARE on the hook for any debt their government incurs. Eventually it can hit them where they live. The renters are the first to move away. :)

[goldstategop]

Rich liberals don’t pay their fair share? I tell you - I’m shocked, shocked and shocked they don’t part with their money,

Its human nature and people are resistant to a lot of giving - even when they’re told its all for the common good.