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One Top Taxpayer Moved, and New Jersey Shuddered
New York Times ^ | April 30, 2016 | ROBERT FRANK

Posted on 04/30/2016 10:36:42 AM PDT by reaganaut1

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To: Cicero
of course this means the little working people will pick up the slack...

greater state income taxes...

higher tolls for roads...

increased property taxes...

and sales taxes...

and of course the proverbial closing down of state parks and pools because you know, its not like the public has a right to them, even if they did buy the whole dang bunch of them....

21 posted on 04/30/2016 12:36:50 PM PDT by cherry
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To: ml/nj
its the govt employees....all of them...military included....

being a fireman, a soldier, a teacher, etc...used to be more vocation than money maker....now, they live like kings and queens and the govt pays them the same way even when they "retire" at age 55 or younger for military...

22 posted on 04/30/2016 12:40:46 PM PDT by cherry
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To: reaganaut1
Florida has no personal income tax...

...and much better winters.

23 posted on 04/30/2016 12:49:56 PM PDT by gogeo (Donald Trump. Because it's finally come to that.)
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To: reaganaut1
Back in the early 90's, congress passed a very substantial luxury tax on airplanes, yachts, jewelry, furs and such. It was supposed to bring in millions in additional revenue.

Quoting Geo Will (re-quoted from Neal Boortz)...

...the tax destroyed 330 jobs in jewelry manufacturing, 1,470 in the aircraft industry and 7,600 in the boating industry. The job losses cost the government a total of $24.2 million in unemployment benefits and lost income tax revenues. So the net effect of the taxes was a loss of $7.6 million in fiscal 1991...

Much of the boating construction fled offshore, and never returned although the tax was repealed.

.

24 posted on 04/30/2016 12:56:37 PM PDT by Seaplaner (Never give in. Never give in. Never...except for convictions of honour and good sense. W. Churchill)
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To: cherry
its the govt employees

ESPECIALLY State and Local Government employees!

They were about 3% of the population when I was growing up (50s, 60s). Now they're about 7% of the population. For most of them it's glorified welfare. (Let's all thank Nixon for "Revenue Sharing.")

ML/NJ

25 posted on 04/30/2016 12:57:45 PM PDT by ml/nj
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To: reaganaut1

Tax the rich a little more
Tax the rich till the’re poor
Tax the rich every day
Then the rich will go away

Who do we tax when the rich are gone
Can we issue more state bonds
When the state misses the riches cash
The state will tax the middle class


26 posted on 04/30/2016 1:29:40 PM PDT by taxcontrol ( The GOPe treats the conservative base like slaves by taking their votes and refuses to pay)
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To: Gay State Conservative
You would not be wrong but even somebody to the right of Atilla the Hun (like me) sees some good things.

He is going to cancel the F-35 purchase and buy Super Hornets instead, I hope.

He is returning the Kurdish Air Force (known in Canada as the RCAF) to its home base in Canada. I am all for the Kurds but the situation is not exactly cut and dried over there. Who exactly are we bombing over there? And, why?

He contends that he is going to help build two pipelines from the oil sands in Alberta. One to the west coast and one to the east coast. Even a liberal like JT realizes that the third largest oil deposit in the world has to be exploited and rail is not the way to move it in bulk. I guess Europe and Asia will get the oil that we wanted to sell to the US via the Keystone XL

Of course he is going to borrow billions of dollars to buy votes (there goes our AAA rating) and he is bringing in thousands of "refugees", so, yeah he is a putz.

27 posted on 04/30/2016 1:49:43 PM PDT by Former Proud Canadian (Gold and silver are real money, everything else is a derivative)
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To: reaganaut1

How’s globalism working out of us?


28 posted on 04/30/2016 2:36:00 PM PDT by SaraJohnson
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To: reaganaut1

The funny thing is that at no point did they even hint that with a big loss in revenue, they will have no choice but to cut spending.


29 posted on 04/30/2016 2:44:38 PM PDT by yefragetuwrabrumuy ("Don't compare me to the almighty, compare me to the alternative." -Obama, 09-24-11)
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To: reaganaut1

Rush’s fault


30 posted on 04/30/2016 2:46:54 PM PDT by Thibodeaux (leading from behind is following)
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To: cherry

Government wage, benefit and pension reform is desperately overdue. I’m so weary of all the “hero” talk to justify continued fleecing for military/police pay. If you jump on a grenade or single handedly save a life at great risk to your own, etc., OK, but otherwise you’re just showing up for work. Same as a coal miner or logger. Firemen are a different story; still overpaid, but probably the most utility for the money. Let’s not even think about teachers.... Perhaps the answer is to do away with pensions altogether, like almost all of the private sector. If you want to quit at 50, then retrain on your own dime and do something else or live on what you’ve saved. Maybe indexing peak government employment compensation to the average taxpayer’s wage would work. It’s a mess and taxpayers have been taking it in the neck for too long.


31 posted on 04/30/2016 4:33:44 PM PDT by Trod Upon (To be labelled "far-right" by modern journalists, one need do no more than NOT be far-left.)
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To: reaganaut1

Did he legitimately ‘earn’ $6 billion in 3 years?


32 posted on 04/30/2016 4:39:17 PM PDT by minnesota_bound
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To: reaganaut1

I left NJ 10 years ago.

The handwriting was all over the wall like grafitti even then.


33 posted on 04/30/2016 4:43:21 PM PDT by exit82 (Road Runner sez:" Let's Make America Beeping Great Again! Beep! Beep!")
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To: Sicon

How does one earn more than $6 billion in 4 years?!

By hedging your funds by $1.5 billion per year. I.e. playing the markets off each other.


34 posted on 04/30/2016 5:58:33 PM PDT by Steven Scharf
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To: reaganaut1
Other states are facing similar situations as a greater share of income — and tax revenue — becomes concentrated in the hands of a few...a slimy way of trying to twist the argument to say that too few people have too much money, instead of the real story - that too few people are paying taxes except the very rich who are paying more than their fair share to support a bloated and wasteful government.....
35 posted on 04/30/2016 6:14:02 PM PDT by Intolerant in NJ
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To: reaganaut1

That fat bastard Christie needs his donuts, and he needs them now.


36 posted on 04/30/2016 6:23:02 PM PDT by Rome2000 (SMASH THE CPUSA-SIC SEMPER TYRANNIS-CLOSE ALL MOSQUES)
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To: cherry

As a retired military senior enlisted person myself, but still a taxpayer in my private sector job, I can see some of your point. However, unlike the police/firemen where I still see the artificial inflation of salaries and positions just prior to retirement, that little game just doesn’t happen in the military. You’ve got it wrong.

When I receive my pension check, I do feel lucky to have chosen the career I chose. At the same time, I vividly remember the many liberal minded, anti-American as**oles I heard tell me how stupid I was to join and risk life and limb for a capitalist country that couldn’t give a damn about me. I lived in Connecticut, where almost everyone in my family fit that description. To their credit, there were times, certainly, when the “tic tic” of bullets whizzing by, and the sudden, almost paralyzing fear of a nearby explosion, would make me doubt my choice.

When it was all over though, oddly enough, I somehow felt guilty for leaving. Not because I would be getting some relative compensation (not living like a king, couldn’t even afford my modest home without my current job) from the taxpaying public without actually being injured for it. My guilt was because of the younger troops, who I would be leaving behind and I still felt needed to be reminded to close their flak jackets and keep their goddam helmets on, even if it was 100 degrees in the shade.

You could have been there too, but I suspect you decided not to be. I don’t dog you, or consider you less of an American or citizen for not doing so (perhaps you did, I don’t know), but I do resent you for trying to make me no better than a welfare queen.

Truth is, I thank you for the deal this government made with me when I was a young man of 18. I know it adds to your taxes, and for that, I am sorry. I didn’t do it for money, but there’s no doubt that it became a factor, the longer I stayed in. As I missed those birthdays and Christmas’s I became selfish enough to think there had to be some reward, not for me, but for my family’s sake.

In the end, I’m just terrified of loud noises. I keep moving on, never asked for anything like disability, or claimed I had PTSD to increase my “take”. I’m truly sorry if you feel I don’t deserve it. When we were less concerned about budgets, we sure made a lot of promises to young men (and women) about what one would gain by re-enlisting. It was enticing. Being disparaged by our fellow citizens wasn’t on my contract, but I suppose I missed the fine print, again.


37 posted on 04/30/2016 10:51:00 PM PDT by Greenpees (Coulda Shoulda Woulda)
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To: cherry
now, they live like kings and queens and the govt pays them the same way even when they "retire" at age 55 or younger for military...

I don't know where you get your ideas of how kings and queens live, but as a retired Colonel with 25 years service, I'm sure not living in a castle.

No, I'm not living in poverty. I lead a comfortable life. I believe that being rich means you can have anything you want. Well, I don't want much, so I guess that means I'm rich. But I'm not sure anyone else would agree.

38 posted on 05/01/2016 10:38:01 AM PDT by JoeFromSidney (,)
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To: Trod Upon
the only way to improve things is to make govt employees, all of them, belong to a 401 or similar...let the govt put in a small amt every year...make it completely portable...

but it will never happen...we're a democracy and the takers can demand whatever they want....

I tell my kids repeatedly...go work for the govt....they will never suffer cutbacks, loss of benefits or pensions and they never get fired..

39 posted on 05/01/2016 9:36:16 PM PDT by cherry
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To: cherry

I get your point, but that’s so depressing. If the life of a swollen tick on the ass of an increasingly anemic dog is all that’s left of the “American Dream” for young people to aspire to, then all I can say is let it all burn.


40 posted on 05/02/2016 10:13:48 PM PDT by Trod Upon (To be labelled "far-right" by modern journalists, one need do no more than NOT be far-left.)
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