New Jersey & You

[b-5]

I know tis is going to be moved to the poli page, but who goes there any way?
Read on!



Why Does Everyone Get That Spending Is The Problem But Corzine And The Democrats?

The Democrats Are Celebrating A $3 Billion Increase In State Spending And A $2 Billion Tax Hike.


This Is The Biggest Budget In State History And New Jerseyans Will Be Paying More In Taxes Than Ever Before.


This Time Next Year, We'll Be Right Back Where We Are Now Facing A Multi-Billion Dollar Budget Hole All Because Jon Corzine Failed To Get State Spending Under Control.


Republicans In The Legislature Identified Savings Of $2.2 Billion Dollars - Which Should Have Been Used To Negate The Need For Any Tax Increases.
The Democrats Are Trying To Justify Their Tax Increase By Promising That Half Will Be Used For Property Tax Relief.
This Budget is no better than the lie that the millionaires tax would be used to lower property taxes. That turned out to be a big lie and so is the claim that this sales tax hike will be dedicated to tax relief.



Republicans Controlled Spending When They Were In Control
The last time we had an elected Republican govenor and Republican control of both houses, spending increased at an average annual rate of 5.1 percent. As important, during those years, revenue growth outpaced expenditure growth and the structural deficit was brought down from $1.58 billion to $306 million (or from an amount equal to 10% of the budget to an amount equal to 1.3 percent.

Spending under Gov. Whitman increased at an annual rate of 5.1 percent.
Spending under Corzine is increasing 10 percent in one year.
Spending under Gov. McGreevey & Codey increased at an annual rate of 6.5 percent.
Spending under Gov. Florio increased at an annual rate of 6.3 percent.
New Jersey's State/Local Tax Burden Above National Average
Estimated at 10.8% of income, New Jersey's state/local tax burden percentage ranks 17th highest nationally, above the national average of 10.6%. New Jersey tax payers pay $5,234 per-capita in state and local taxes.
New Jersey's State-Local Tax Burden, 1970-Present

New Jersey's 2006 Business Tax Climate Ranks 49th
New Jersey ranks 49th in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes; individual income taxes; sales and gross receipts taxes; unemployment insurance taxes; and taxes on wealth, including residential and commercial property. Neighboring states ranked as follows: New York (50th), Pennsylvania (16th) and Delaware (8th).
50-State Comparison of Business Tax Climates

New Jersey's Individual Income Tax System
New Jersey's personal income tax system consists of six brackets and a top rate of 8.97% kicking in at an income level of $500,000. Among states levying personal income taxes, New Jersey's top rate ranks 6th highest nationally. New Jersey's 2004 individual income tax collections were $852 per person, which ranked 16th highest nationally.
50-State Table of Individual Income Tax Rates

New Jersey's Corporate Income Tax System
New Jersey's corporate tax structure consists of a flat 9% on corporate income. However, corporations with total net income of $100,000 or less pay 7.5%. Moreover, corporations with total net income of $50,000 or under pay 6.5%. Among states levying corporate income taxes, New Jersey's top tax rate ranks 8th highest nationally. In 2004, corporate tax collections reached $218 per capita, ranking the state 5th highest nationally.
50-State Table of Corporate Income Tax Rates

New Jersey Levies Sales Tax above National Median; Cigarette Tax, Nation's Second Highest
New Jersey levies a 6% general sales or use tax on consumers, which is above the national median of 5%. State and local governments combined collect approximately $721 per capita in general sales taxes, ranking 31st highest nationally. New Jersey's gasoline tax stands at 14.5 cents per gallon and ranks 4th lowest nationally. New Jersey's cigarette tax stands at $2.40 per pack of twenty and ranks 2nd highest nationally. The sales tax was adopted in 1966, the gasoline tax in 1927 and the cigarette tax in 1948.
50-State Table of Sales and Excise Tax Rates

New Jersey Property Taxes: Highest Per Capita in the Nation
New Jersey is one of the 37 states that collect property taxes at both the state and local levels. As in most states, local governments collect far more. New Jersey's localities collected $18,225,594,000 in property taxes in fiscal year 2004, which is the latest year the Census Bureau published state-by-state property tax collections. At the state level, New Jersey collected $3,660,000 in property taxes during FY 2004, making its combined state/local property taxes $18,229,254,000. At $2,099, New Jersey's combined per capita collections were the highest in the nation.
State property tax collections per capita by state

Federal Tax Burdens and Expenditures: New Jersey is a Donor State
New Jersey taxpayers receive less federal funding per dollar of federal taxes paid than any other state. Per dollar of federal tax paid in 2004, New Jersey citizens received approximately $0.55 in the way of federal spending. This represents a decline from 1992 when New Jersey received $0.66 per dollar of taxes in federal spending (also ranked lowest). Neighboring states and the amount of federal spending they received per dollar of federal taxation paid were as follows: New York ($0.79), Pennsylvania ($1.06), and Delaware ($0.79).
Comparing the amount of federal taxes sent to Washington with the amount of federal spending coming back to the state

[XtremeJibber2001]

No shock here. Move along please.

... in other news, Corzine wants to pay all the gov't workers that had off that day because of his failure. He should pay it out of pocket, IMHO.

Todays Question of The Day:
You've failed to sign a budget in time, 45 million workers can't work because of this failure. Who foots the bill? How much is this "bill" going to cost the state and tax payers? What will you do now that your state has lost millions because tax revenues from Casinos were not collected because they were closed?

[G-smashed]

[quote="b-5"]I know tis is going to be moved to the poli page, but who goes there any way?
Read on!



No one goes there because there's too much right wing crap from losers like you!

[SkiDork]

I know tis is going to be moved to the poli page, but who goes there any way?
Read on!

No one goes there because there's too much right wing crap from losers like you!

Actually I can't remember b-5 spewing any right or left wing crap. I think he's a snow-winger if anything

[XtremeJibber2001]

I know tis is going to be moved to the poli page, but who goes there any way?
Read on!

No one goes there because there's too much right wing crap from losers like you!

Actually I can't remember b-5 spewing any right or left wing crap. I think he's a snow-winger if anything

I agree. Maybe G was refering to me?

[b-5]

I know tis is going to be moved to the poli page, but who goes there any way?
Read on!



No one goes there because there's too much right wing crap from losers like you!

Hummm, Libs are people that are open to new ideas, Right?
edit time!

[G-smashed]

It depends - do you swallow?

[b-5]

It depends - do you swallow?

edit cuz i'm realy not that kind of guy...

[robrules]

Democrat wanting to take more of your money? shocking!

You see the more money they collect, the more votes they can buy from recipients of their programs, the longer they can stay in power - old play book - and they keep going back to it because they have no new ideas. Only thing keeping this party alive is the fact that the war in Iraq is being drawn out so long.

[G-smashed]

It depends - do you swallow?

Read it once more....then I'll think about painting your face white....

If you didn't share your dope you'd be useless!
Who is it that's been in power the last five years? They've done a great job of balancing the budget and cutting back on the size of government.
And talk about stealing! Maybe you need to call Sean and get some more talking points before you respond this time. And keep in mind that you don't need to answer in monosyllabic bumper slogans - I'm a Lib!
AND I actually ski at Kmart. I haven't seen you there lately. LOSER!

[XtremeJibber2001]

They've done a great job of balancing the budget and cutting back on the size of government.

http://news.tbo.com/news/nationworld/MGBV37QNEPE.html

[SkiDork]

can't we all just get along?

[Cityskier]

They've done a great job of balancing the budget and cutting back on the size of government.

http://news.tbo.com/news/nationworld/MGBV37QNEPE.html

"The 2006 deficit may be a bit lower, but it represents a $600 billion swing from the surplus projected in 2001. And a deficit of $296 billion is still a large deficit. In nominal terms, its one of the four largest in history," said Rep. John Spratt Jr. of South Carolina, top Democrat on the Budget Committee.


"Let's not boast about a $300 billion deficit," said Senate Minority Leader Harry Reid, D-Nev. "Any statistic you look at recognizes the rich in America are getting richer, the poor are getting poorer and the middle class is getting squeezed."

[XtremeJibber2001]

"Let's not boast about a $300 billion deficit,"said Senate Minority Leader Harry Reid, D-Nev. "Any statistic you look at recognizes the rich in America are getting richer, the poor are getting poorer and the middle class is getting squeezed."

I've altered the quote you've cited and changed it to how it should read.

"Let's not boast about a $300 billion deficit,"said Senate Minority Leader Harry Reid, D-Nev. "Any statistic you look at recognizes the rich in America are getting richer, the poor are getting poorer and the middle class is getting squeezed. To fix the deficit, we should tax those that are successful, use those funds to pay off the deficit, and then redistribute the wealth to those of whom who are less successful."

Either way, it's better that estimates are wrong and we spent even less then we had anticipated. It's a win for all taxpayers, amidst one of the largest deficits in History.

[shortski]

They've done a great job of balancing the budget and cutting back on the size of government.

http://news.tbo.com/news/nationworld/MGBV37QNEPE.html

From the above link;

Surprise Tax Revenue To Shave $100 Billion Off U.S. Deficit

"The main reason is a big spike in corporate tax receipts, which have nearly tripled since 2003, as well as what appears to be a big increase in individual taxes on stock market profits and executive bonuses"

Wait how can this be, the Dems and the main stream media has been reporting for the past 6-1/2 years that the "Corporations and the "fat Cats are getting all the tax beaks and arn't paying their fair share, I'm so confused. They'll never get it, cutting taxes Always results in increased tax revenues, the God of the Dem's John F Kennedy knew this why don't they ever get it. Oh well