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Overnight Open Thread

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Aceofwhat?6/25/2010 8:17:09 am PDT

re: #330 lawhawk

Property taxes are the bane of our existence in NJ. In the 70s, the state decided to impose a personal income tax to alleviate the property tax burden.

Now, we’ve got both - and property taxes continue rising. Then, they had the brilliant idea of using a sales tax hike to pay for property tax relief in the form of rebates.

Oh, and then when sales tax revenue dropped off a cliff, they eliminated the rebates in most instances, but kept the sales tax hike. Then, Trenton decided to impose a temporary surtax on millionaires (but which actually hit those with income as low as $500k), to make budget - but when that temporary surtax expired, the Democrats demanded that it be extended to pay for the expenditures.

It’s no wonder that people around NJ are fed up with taxes.

Yep. Pay all those taxes, and they still live in Jersey.

*ducks*

More seriously, though, how hard is it to look over at other states and ask how they seem to get by on far less income? That’s the part i liked the least about living in Chicago…the pretense that they needed all of that money.