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New-Jersey

Christie Wastes No Time on Veto for Millionaire’s Tax

21 May 2010

New Jersey Governor Chris Christie (R) wasn’t kidding when he claimed he would veto the so-called “millionaire’s tax” bill. Moments after the Senate passed the bill on a 46-32 vote, Senate President Steve Sweeney walked the bill down to Gov. Christie, who was waiting with his veto pen. Christie vetoed the bills immediately. Christie’s official [...]

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NJ Supreme Court Hears Eminent Domain Case

24 March 2010

The New Jersey Supreme Court kicked off its week with Klummp v. Borough of Avalon, a property “takings” case. In the case, the Klummps owned property on the shore in Avalon. In 1962, the borough seized their property and began to clear it following a borough council meeting and resolution. They proceeded to build sand [...]

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NJ Governor Takes a Beating for Tax Cuts

18 March 2010

New Jersey Governor Chris Christie (R) has taken some lumps for his hard nose approach to spending cuts in an efforts to salvage the state’s budget. In his brief stint, Gov. Christie has stood up to teacher’s unions, wealthy municipalities and transit – without too much fuss to date. Property tax rebates are disappearing and [...]

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States Find It May Not (*gasp*) Be Necessary to Raise Taxes

17 July 2009

With budget deadlines looming, many states felt that there were no alternatives to balancing the budget other than raising taxes or adding new ones. More than half of all states were considering significant tax changes to fill gaping holes… What a difference a few weeks and some angry taxpayers make. New Jersey recently “found” more [...]

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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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NJ Offers Tax Amnesty Program

11 April 2009

New Jersey wants your money. And they’re willing to waive a few penalties and interest to get it. The Division of Taxation a new tax amnesty program. The program will run from May 4, 2009 to June 15, 2009 and will apply only to returns due on or after January 1, 2002 and before February [...]

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Ten States Looking to Raise Taxes: Do You Live in One?

10 April 2009

With revenues plummeting and federal aid in short supply, many states are scrambling to fill holes in their budgets. The easiest way to do it? Raise taxes. At least ten states are considering major increases in the near future. They are: Arizona Connecticut Delaware Illinois Massachusetts Minnesota New Jersey Oregon Washington Wisconsin Two states have [...]

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New Jersey is #1!

9 August 2008

Don’t get excited… we’re not talking about football (Favre or not, I can’t get behind the Jets**. Go Eagles!). We’re talking about tax. According to the Tax Foundation, New Jersey residents paid the highest percentage of state and local taxes. Folks from New Jersey paid a whopping 11.8% of income in state and local taxes, [...]

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Texas Probate Courts Sure Are Busy…

4 January 2006

In addition to the highly publicized case of Anna Nicole Smith, the former Playboy Playmate, who is battling for her late husband’s fortunes at the US Supreme Court, previously blogged about here, Texas probate courts are in the spotlight once again.  This time, the case revolves around Lillian Glasser, a NJ socialite, and her fortune. [...]

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