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Are Taxes Causing the Rich to Renounce Their Citizenship?
The Wall Street Journal ^ | Jun 13, 2011 | Robert Frank

Posted on 06/15/2011 8:43:24 AM PDT by arderkrag

click here to read article


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To: dools0007world
You cannot close the sale of your home without writing a check to NJ. Don’t have my closing sheet handy, but I think it’s called an Exit Tax.

How do they know you're leaving the state? Seems you could avoid telling them somehow.

61 posted on 06/15/2011 8:13:26 PM PDT by from occupied ga (your own government is your most dangerous enemy)
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To: dools0007world

$10,000 to leave a state?! You’ve got to be kidding! I have never heard of such a thing in America.


62 posted on 06/15/2011 9:35:18 PM PDT by PastorBooks
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To: dools0007world

I found a link here that says that many people overpay the NJ Exit tax.

N.J.’s exit tax: So baffling, even officials can’t explain it
http://www.nj.com/business/index.ssf/2010/10/nj_exit_tax_has_real_estate_at.html

It also says they continue to revise it so it never stays the same!

It’s good you got out of there.


63 posted on 06/15/2011 9:45:12 PM PDT by PastorBooks
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To: PastorBooks

What would happen if a state like California put a huge tax on leaving?

I do believe CA comes looking for their income tax even if you leave the State.


64 posted on 06/16/2011 4:02:08 AM PDT by wita
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To: from occupied ga

I discussed with my lawyer. Apparently it is my lawyer’s responsibility to ascertain where I’m moving and then make the appropriate assessment.

In other words he risks his licence to practice law in NJ and possible criminal charges if he fails to shill for the state.

No way a lawyer will risk that. Isn’t it interesting how Marxism forces the person you’re paying to protect you to rat you out? Not too different than requiring doctors to collect gun ownership info on a medical questionaire. Also not much different than psycohologically coercing children
into believing a parent(s) abused them and then rating them out.

Welcome to 1984 and Brave New World.


65 posted on 06/16/2011 9:18:40 AM PDT by dools0007world
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To: dools0007world
In other words he risks his licence to practice law in NJ and possible criminal charges if he fails to shill for the state. Isn’t it interesting how Marxism forces the person you’re paying to protect you to rat you out?

What a horrible place. Yet another reason to never ever live in NJ.

66 posted on 06/16/2011 9:21:35 AM PDT by from occupied ga (your own government is your most dangerous enemy)
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