Posts tagged as:

Corzine

Surprise! NJ Doesn’t Like High Taxes

4 November 2009

Despite three campaign appearances by President Obama, Governor John Corzine lost his gubernatorial seat in New Jersey to GOP challenger Chris Christie last night. Exit polls showed that the top two concerns for New Jersey voters were the economy and the state’s high property taxes. How high are those property taxes? For the year 2008, [...]

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NJ Applies Retroactive Tax To Lottery Winners

16 July 2009

When New Jersey Governor Corzine and the legislature were scrambling to find ways to fill the holes in their budget, it was clear that they wanted to utilize “sin” or “vice” taxes as much as possible. Unlike income taxes which affect everyone, sin taxes only affect people who engage in certain behaviors. The behaviors considered [...]

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Message from NJ: Amnesty Works

19 June 2009

When NJ announced its tax amnesty program, it had high hopes. With sinking revenues and a gaping hole in the budget, Governor Corzine hoped that the amnesty program would give the state some much needed relief. His lofty goal? $200 million in just six weeks. Barely two weeks into the amnesty program, the state met [...]

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NJ Taxes On the Rise

12 June 2009

NJ is not exactly known for affordable living – especially when it comes to taxes. It appears that will only get worse in 2009 as lawmakers scramble to close holes in the budget. The state budget currently sits at $28.6 billion, about $4 billion less than last year. Faced with flat revenues, the legislature has [...]

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