In today’s paper it does state $600 million which, to me, seems a bit peculiar. The figure is $600 million today, yesterday afternoon it was $400 million and a month ago the figure was anywhere between $80 – $100 million.

So the number has grown by $200 million overnight?

To quote Alice “this is getting curiouser and curiouser”.

In fact, as more people make that calculation, the amount of unpaid taxes grows, making amnesty appear more and more attractive. It’s a vicious cycle, and it trains people to bank on unpredictable policies.

I don’t know where you got the $617 million number (not that I doubt it) but I’ve heard $400 million. I think $617 million might be the number needed to reinstate the bribe…I mean property tax rebates.

I think we need to wait and find out what the real numbers are. I personally have lost all faith in anything that the NJ government says, does and plans. They had folks on the radio this morning who got letters from the amnesty program that didn’t owe anything or that stated that dead relatives owed back taxes (NJ does tax your death you know).

You certainly do not hear “Good for NJ” often these days – if at all.

I do believe that this was the fourth time that NJ successfully offered a Tax Amnesty. Many states have raised substantial amounts of money this way.

I knew that in an election year Corzine was not going to take away the Homestead Rebates from “normal” homeowners. I knew it would only be a matter of time before he would miraculously “find” the money for the rebates and brag to voters about how it was his expertise that saved their checks!

Back to Tax Amnesty – when is the federal government going to realize that a Federal Tax Amnesty Program is an excellent way to raise money – so they can throw more of it away!

TWTP