[CptnObvious]

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President Donald J. Trump and the Free Republic of the United States of America
President Donald J. Trump's address to the United Nations on 09/19/2017.

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Just $497.00 dollars to 89.00%

[PGR88]

Its nearing “financial disaster” while we are at the peak of 10 year bull market and unemployment rates are at the lowest in many years???

The “skim” taken by the permanent nanny state is becoming an unbearable burden.

[EagleUSA]

Just another....

*** DEMOCRAT DESTROYED STATE ***

[Jim W N]

New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears

GOVERNMENT BANKRUPTCY - not a bad thing if the government is out of control.

[Puppage]

That pretty much happens every 2 years, no?

[conservative98]

New Jersey’s fiscal situation is so dire that new Governor Phil Murphy has proposed taxing online-room booking, ride-sharing, marijuana, e-cigarettes and Internet transactions along with raising taxes on millionaires and retail sales to fund a record $37.4 billion budget that would boost spending on schools, pensions and mass transit.

The proposal which is 4.2% higher than the current fiscal year’s, relies on a tax for the wealthiest that is so unpopular it not only has yet to be approved, but also lacks support from key Democrats in the legislature, let alone Republicans. It also reverses pledges from Murphy’s predecessor, Republican Chris Christie, to lower taxes in a state where living costs are already among the nation’s highest.

Murphy, a Democrat who replaced term-limited Christie on Jan. 16, said his goal is to give New Jerseyans more value for their tax dollars; instead he plans on bleeding them dry.

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Oh joy!

[MichaelCorleone]

I take it getting rid of the illegal parasites isn’t under consideration.

Nah, that would make sense.

[1Old Pro]

They want to compete with NYS to have the highest number of people by percentage of population leaving the state. All caused by corrupt liberals and unions and the welfare state.

[Alberta's Child]

Oddly enough, the sales tax hike is probably a great idea. With so many wealthy people fleeing this state, a very regressive tax is exactly what is needed here.

[Theodore R.]

They haven’t elected anyone good in NJ since whom? All they have to fame is the birthplace of Frank Sinatra.

[freedumb2003]

Sorry NJ-ites but I worked in Livingston, NJ for almost a year. There is NOTHING there to keep anyone there.

Once you get away from the Jersey Shore (quite nice in parts, I admit), Jersey is Barstow without the great weather.

At least So Cal (lived there all my life until 6 years ago) has spectacular weather and the ocean, the forest and skiing all within 2 hours (after the 1.5 hours to get the first 10 miles out of the metro area).

I have no idea why NJ thinks they will keep people there.

[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.

[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.

[Buckeye McFrog]

Youse voted fuh dis.

[CarolinaReaganFan]

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

[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.

[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. :)