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Strawberry
Supporter
Username: Strawberry
Post Number: 7497
Registered: 10-2001
| | Posted on Sunday, July 9, 2006 - 11:23 am: | 
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Why Does Everyone Get That Spending Is The Problem But Corzine And The Democrats?
* The Democrats Are Celebrating A $3 Billion Increase In State Spending And A $2 Billion Tax Hike.
* This Is The Biggest Budget In State History And New Jerseyans Will Be Paying More In Taxes Than Ever Before.
* This Time Next Year, We'll Be Right Back Where We Are Now Facing A Multi-Billion Dollar Budget Hole All Because Jon Corzine Failed To Get State Spending Under Control.
* Republicans In The Legislature Identified Savings Of $2.2 Billion Dollars - Which Should Have Been Used To Negate The Need For Any Tax Increases.
The Democrats Are Trying To Justify Their Tax Increase By Promising That Half Will Be Used For Property Tax Relief.
This Budget is no better than the lie that the millionaires tax would be used to lower property taxes. That turned out to be a big lie and so is the claim that this sales tax hike will be dedicated to tax relief.
Republicans Controlled Spending When They Were In Control
The last time we had an elected Republican govenor and Republican control of both houses, spending increased at an average annual rate of 5.1 percent. As important, during those years, revenue growth outpaced expenditure growth and the structural deficit was brought down from $1.58 billion to $306 million (or from an amount equal to 10% of the budget to an amount equal to 1.3 percent.
* Spending under Gov. Whitman increased at an annual rate of 5.1 percent.
* Spending under Corzine is increasing 10 percent in one year.
* Spending under Gov. McGreevey & Codey increased at an annual rate of 6.5 percent.
* Spending under Gov. Florio increased at an annual rate of 6.3 percent.
New Jersey's State/Local Tax Burden Above National Average
Estimated at 10.8% of income, New Jersey's state/local tax burden percentage ranks 17th highest nationally, above the national average of 10.6%. New Jersey tax payers pay $5,234 per-capita in state and local taxes.
New Jersey's State-Local Tax Burden, 1970-Present
New Jersey's 2006 Business Tax Climate Ranks 49th
New Jersey ranks 49th in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes; individual income taxes; sales and gross receipts taxes; unemployment insurance taxes; and taxes on wealth, including residential and commercial property. Neighboring states ranked as follows: New York (50th), Pennsylvania (16th) and Delaware (8th).
50-State Comparison of Business Tax Climates
New Jersey's Individual Income Tax System
New Jersey's personal income tax system consists of six brackets and a top rate of 8.97% kicking in at an income level of $500,000. Among states levying personal income taxes, New Jersey's top rate ranks 6th highest nationally. New Jersey's 2004 individual income tax collections were $852 per person, which ranked 16th highest nationally.
50-State Table of Individual Income Tax Rates
New Jersey's Corporate Income Tax System
New Jersey's corporate tax structure consists of a flat 9% on corporate income. However, corporations with total net income of $100,000 or less pay 7.5%. Moreover, corporations with total net income of $50,000 or under pay 6.5%. Among states levying corporate income taxes, New Jersey's top tax rate ranks 8th highest nationally. In 2004, corporate tax collections reached $218 per capita, ranking the state 5th highest nationally.
50-State Table of Corporate Income Tax Rates
New Jersey Levies Sales Tax above National Median; Cigarette Tax, Nation's Second Highest
New Jersey levies a 6% general sales or use tax on consumers, which is above the national median of 5%. State and local governments combined collect approximately $721 per capita in general sales taxes, ranking 31st highest nationally. New Jersey's gasoline tax stands at 14.5 cents per gallon and ranks 4th lowest nationally. New Jersey's cigarette tax stands at $2.40 per pack of twenty and ranks 2nd highest nationally. The sales tax was adopted in 1966, the gasoline tax in 1927 and the cigarette tax in 1948.
50-State Table of Sales and Excise Tax Rates
New Jersey Property Taxes: Highest Per Capita in the Nation
New Jersey is one of the 37 states that collect property taxes at both the state and local levels. As in most states, local governments collect far more. New Jersey's localities collected $18,225,594,000 in property taxes in fiscal year 2004, which is the latest year the Census Bureau published state-by-state property tax collections. At the state level, New Jersey collected $3,660,000 in property taxes during FY 2004, making its combined state/local property taxes $18,229,254,000. At $2,099, New Jersey's combined per capita collections were the highest in the nation.
State property tax collections per capita by state
Federal Tax Burdens and Expenditures: New Jersey is a Donor State
New Jersey taxpayers receive less federal funding per dollar of federal taxes paid than any other state. Per dollar of federal tax paid in 2004, New Jersey citizens received approximately $0.55 in the way of federal spending. This represents a decline from 1992 when New Jersey received $0.66 per dollar of taxes in federal spending (also ranked lowest). Neighboring states and the amount of federal spending they received per dollar of federal taxation paid were as follows: New York ($0.79), Pennsylvania ($1.06), and Delaware ($0.79).
Comparing the amount of federal taxes sent to Washington with the amount of federal spending coming back to the state |
Dave
Supporter
Username: Dave
Post Number: 10063
Registered: 4-1997
| | Posted on Sunday, July 9, 2006 - 11:53 am: |
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Strawberry
Supporter
Username: Strawberry
Post Number: 7500
Registered: 10-2001
| | Posted on Sunday, July 9, 2006 - 12:05 pm: |
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good chart. Sure does make one long for the days of Ronald Reagan. |
tom
Citizen
Username: Tom
Post Number: 5245
Registered: 5-2001
| | Posted on Sunday, July 9, 2006 - 12:54 pm: |
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More whining and half-truths from greedy conservatives.
Tax Foundation's State Business Tax Climate Index ranks New York 50th? That one is making me laugh out loud. I guess that's why nobody does business in New York!
Quote:New Jersey's personal income tax system consists of six brackets and a top rate of 8.97% kicking in at an income level of $500,000. Among states levying personal income taxes, New Jersey's top rate ranks 6th highest nationally.
Greedy conservatives only care about the top rate. NJ's is a clear outlier, it's second-highest rate kicks in at only around $70K, and is the 21st highest nationally.
If this is too much, maybe you should relocate to some of the states which common sense might tell you have lower tax rates, like Montana, Idaho or Utah. But guess what: in Montana you'll pay a top rate of 11% -- and it kicks in at just $80,300 for joint filers! Of course, you can't make any money in Montana so it doesn't much matter.
Quote:This Is The Biggest Budget In State History And New Jerseyans Will Be Paying More In Taxes Than Ever Before.
Don't you suppose this is true just about everywhere? Inflation makes the numbers bigger every year. It would be surprising if any given state didn't have its biggest budget in state history this year; and if not it probably had it last year or will next year.
Quote:Federal Tax Burdens and Expenditures: New Jersey is a Donor State
Let's get more Democrats in Congress and maybe we can change that. The red-staters are a bunch of leeches feeding off of our prosperity.
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Southerner
Citizen
Username: Southerner
Post Number: 1230
Registered: 2-2004
| | Posted on Sunday, July 9, 2006 - 1:31 pm: |
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Please keep the checks coming. And just so you know, we are laughing at you while we cash them. Is there a Democratic Party? |
Hoops
Citizen
Username: Hoops
Post Number: 1625
Registered: 10-2004
| | Posted on Sunday, July 9, 2006 - 1:40 pm: |
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well Straw, if the Whitman didnt raid the pensions of the workers of the state of new jersey and instead found a way to fund the state then we wouldnt be talking about a tax increase today.
Corzine is funding 1.1 billion back into the workers pensions this year. According to the star ledger thats more then the past 10 years combined. Finally a leader who is willing to solve problems created by the moronic borrow and spend policies of the republicans. |
Rastro
Citizen
Username: Rastro
Post Number: 3526
Registered: 5-2004
| | Posted on Sunday, July 9, 2006 - 2:24 pm: |
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I find it intersting that the supposed party of business people (and a self-proclaimed rich business person here) thinks that a problem that has been building for over ten years can be solved in six months. |
Strawberry
Supporter
Username: Strawberry
Post Number: 7503
Registered: 10-2001
| | Posted on Sunday, July 9, 2006 - 2:25 pm: |
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Whitman? That was four administrations ago...libs blaming Whitman for Corzine's tax increase..  |
Rastro
Citizen
Username: Rastro
Post Number: 3527
Registered: 5-2004
| | Posted on Sunday, July 9, 2006 - 2:28 pm: |
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Personally, I blame Whitman and every governor after her for not confronting the issue. Why is it you think a decade of mismanagement can be solved in six months?
Straw, nothing Corzine does will inspire you to post anything but how he is wrong. You've become about as relevant as Southerner. |
Southerner
Citizen
Username: Southerner
Post Number: 1233
Registered: 2-2004
| | Posted on Sunday, July 9, 2006 - 6:54 pm: |
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Then why do you respond to me Rastro? Something tells me you lack self control! And, as I've said many times, I think Corzine should be given every opportunity to govern which is why I will not blast him. That would be me being a sore loser like most of you are. Corzine won the election so let him govern. The voters of New Jersey can decide at the time of re-election if they want him back. Wasting time on message boards whining about him is as relevant as Rastro and the crew crying about Bush. And have I stated how much I enjoy seeing Bush get to you libs? As I watched his press conference the other day, I just pictured all of you New Jersey libs screaming at the TV, all the while knowing his poll numbers are going up! Beautiful. |
tom
Citizen
Username: Tom
Post Number: 5246
Registered: 5-2001
| | Posted on Sunday, July 9, 2006 - 8:54 pm: |
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Quote:Whitman? That was four administrations ago
Another half-truth designed to make you think that she was from the seventies or something.
Whitman was just five-and-a-half years ago. Remember? The "four administrations" include two caretakers who stayed for a cup of coffee, and one who has been in office for only a couple of months.
Calling it a half-truth is being generous. |
Strawberry
Supporter
Username: Strawberry
Post Number: 7512
Registered: 10-2001
| | Posted on Sunday, July 9, 2006 - 9:53 pm: |
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2 caretakers? If you call having to step in for that rest stop whoring McGreevey, "caretaking" work, you just don't understand politics. Cody was presented with the most difficult job in the history of this state in attempting to keep his party together and in power after the worst Gov. in the history of U.S politics quit and became gay to cover up criminal behaivor. He was no caretaker, he was a Governor and frankly a much stronger leader than the moron currently sitting in Trenton. (When he's not at his beach house) It's ashame Corzine became bored in DC because Cody would have been better suited to handle this budget crisis.
If Cody were to read your post he'd laugh at the stupdity of your argument. |
Factvsfiction
Citizen
Username: Factvsfiction
Post Number: 939
Registered: 4-2006
| | Posted on Sunday, July 9, 2006 - 10:20 pm: |
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Strawberry-
Tremendous post. Thank you. Do disagree on Codey though. Did nothing significant for us in Essex on property taxes when he was Acting Gov.
You all will have a lot more to argue about next year because this year it's just a bandaid budget for 2006. Either they have to go another 1% on the sales tax or Louie Manza is going to get the "jr. millionaire" tax on those making between 200-500k.
I believe I read in the Star Ledger today that Jon Corzine threatened the Northern NJ delegates with the latter possibility to keep them on board. People don't have sophisticated tax shelters like Jon you know.
Corzine played it too cute, a 10% spending increase when he said he would raise taxes as a last resort, a sales tax that hurts the working poor, a hypocritical public rally with the state (union) workers who would be the first ones he would layoff in massive numbers if he was still a CEO in private industry.
Yep. Real "profiles in courage " stuff.
Corzine will get my respect when he really deals with the problem and the sacred spending cows that have been created by democratic and republican administrations. IMHO he didn't win a victory. He has to go back and deal with a group that has as big an ego as he does and are going to be doing whatever they can to get re-elected next year. A politician has a longer memory than an elephant, and they will have the knives out for any Corzine misstep.
I think the state closedown will be remembered as the event that marked the beginning of the end of Jon Corzine's chances at VP or President. Let's see. |
anon
Supporter
Username: Anon
Post Number: 2835
Registered: 6-2002
| | Posted on Sunday, July 9, 2006 - 10:37 pm: |
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became gay to cover up criminal behaivor.
That may be the silliest thing I have ever read on MOL  |
Strawberry
Supporter
Username: Strawberry
Post Number: 7514
Registered: 10-2001
| | Posted on Sunday, July 9, 2006 - 10:45 pm: |
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Corzine will be remembered as the Gov. who closed down AC while increasing spending and raising taxes.. That's his legacy folks. |
Strawberry
Supporter
Username: Strawberry
Post Number: 7515
Registered: 10-2001
| | Posted on Sunday, July 9, 2006 - 10:50 pm: |
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Anon, You're saying rest stop boy outing himself had nothing to do with the hiring of the foreigner boyfriend to run the state's homeland security dept? That was criminal behaivor, son.
I mean have you recently banged your head? You're not making sense. |
Hoops
Citizen
Username: Hoops
Post Number: 1627
Registered: 10-2004
| | Posted on Sunday, July 9, 2006 - 10:50 pm: |
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In my opinion not one democratic voter will give any thought to the state shutdown. The state was closed down for a few days and nobody cared. A few people were inconvenienced but that about it.
If you think thats a big deal, then why dont you care even a little bit about all the lost billions given over to Halliburton, Kellog, Brown and Root and all the other dirty war profiteering contractors in Iraq?
Corzine won a big power struggle and the state assembly towed the line. Strong leadership and now we will see what else Mr. Corzine has in store for NJ.
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tjohn
Supporter
Username: Tjohn
Post Number: 4452
Registered: 12-2001
| | Posted on Sunday, July 9, 2006 - 11:00 pm: |
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The Florio interview in the S-L today was interesting. He noted that a lot of people seem to no longer be capable of understanding that there is a connection between taxes and government services and that these people view people who would increase taxes in about the same way they view child molesters.
Everybody yammers about excess spending, but where are the cuts to be made. Obviously, fraud can and should be cut, perhaps the most notable example being the School Construction Fund. But the School Construction Fund represented money that needed to be spent. It is tragic that McGreevey allowed this money to be grossly mismanaged.
Unfunded government liabilities must be eliminated as well. But doing this will actually increase current costs because we won't be paying for pensions with tomorrow's dollars.
Another correct observation from Florio was that the current mess was due to bipartisan mismanagement under Whitman and then Florio. Anybody who can pardon Whitman for increasing debt during boom times isn't capable of discussing financial matters.
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anon
Supporter
Username: Anon
Post Number: 2837
Registered: 6-2002
| | Posted on Sunday, July 9, 2006 - 11:13 pm: |
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Straw: You said he "became gay", like he wasn't really gay but just made believe he was gay or maybe "converted" to gayness to cover up being a crook. |
Foj
Citizen
Username: Foger
Post Number: 1628
Registered: 9-2004
| | Posted on Sunday, July 9, 2006 - 11:23 pm: |
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"Sure does make one long for the days of Ronald Reagan. "
Like when FICA taxes were doubled? Thats a regressive tax increase, that, at the time was capped at 38k/annum.
boring |
Strawberry
Supporter
Username: Strawberry
Post Number: 7516
Registered: 10-2001
| | Posted on Sunday, July 9, 2006 - 11:38 pm: |
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"you said he "became gay", like he wasn't really gay but just made believe he was gay."
Well he's either pretending he's gay now or he was pretending he was straight then. Not my job to guess which one it really is. |
tom
Citizen
Username: Tom
Post Number: 5247
Registered: 5-2001
| | Posted on Monday, July 10, 2006 - 1:13 am: |
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Not your job, but thanks for taking it on anyway.
This is like watching cartoons. Actually, it makes me miss the hard-edged realism of "Ren & Stimpy."
I'm glad you liked Cody. I did, too. Can you name who filled in after Whitman left, without looking up his name?
Whitman left office just a little over five years ago. Whether or not you agree with my perception of the non-elected briefly serving Cody, "four administrations" ago wasn't very long at all. What's more, the word "Administration" carries with it the idea of an elected governor working through one or more terms of office while implementing any number of the initiatives he or she set out to do. Otherwise, you're talking about the likes of the "Garfield Administration," or the "WH Harrison Administration." By that measure, I'd say we've had zero Administrations since your beloved (income) tax-cutter left office. |
Factvsfiction
Citizen
Username: Factvsfiction
Post Number: 947
Registered: 4-2006
| | Posted on Monday, July 10, 2006 - 1:12 pm: |
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tom and Strawberry-
IMHO Codey typifies the old-style democratic pol in this state.
If he had been elected governor we would be in no different shape or position than with Corzine now. Oh, sorry, maybe more state attention to mental health issues.
Between the two I would rather have Corzine in office, because of his financial background and the fact he will probably avoid making even worst decisions.
BTW, while I am waiting here I heard a story about a NJ economics professor at Rider claiming the 1% sales tax increase will hurt the state economy. |
themp
Supporter
Username: Themp
Post Number: 3076
Registered: 12-2001
| | Posted on Monday, July 10, 2006 - 1:58 pm: |
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"Anybody who can pardon Whitman for increasing debt during boom times isn't capable of discussing financial matters."
True that. |
ML
Supporter
Username: Ml1
Post Number: 3055
Registered: 5-2002
| | Posted on Monday, July 10, 2006 - 2:04 pm: |
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tom,
without looking it up -- Donald DiFrancesco. I'll bet even his mom doesn't remember he was governor of NJ. |
Strawberry
Supporter
Username: Strawberry
Post Number: 7519
Registered: 10-2001
| | Posted on Monday, July 10, 2006 - 3:17 pm: |
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That's because he didn't sleep with his director of Homeland security. That would have gotten him some ink..
Still can't believe you libs got this sick perverted rest stop whore elected..
libs..
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The3ofUs
Citizen
Username: The3ofus
Post Number: 36
Registered: 4-2006
| | Posted on Monday, July 10, 2006 - 3:39 pm: |
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So lemme get this "straight":
Mcgreevey is sick for being gay.
Mcgreevey is perverted for being gay.
Mcgreevey is a whore because he was gay but married to a woman and would occasionally take advantage of a WELL KNOWN spot to meet other men just like EVERY OTHER gay man who is married to a woman. I wonder if the "perverted rest stop whore" ever met any other Essex county perverted whores up at South Mountain where ALL the perverted whores go to commit their whore-like perversions? You know, South Mountain Reservation...the west side of Maplewood's backyard.
OK, now that I have established exactly what it is that Strawberry Shortcake is talking about, let me say this: YOU ARE OFFENSIVE.
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Strawberry
Supporter
Username: Strawberry
Post Number: 7520
Registered: 10-2001
| | Posted on Monday, July 10, 2006 - 4:39 pm: |
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When my married Governor admits to having sex with strange men at a rest stop while governing my state, that is offensive.
What a troll you are... |
Rastro
Citizen
Username: Rastro
Post Number: 3530
Registered: 5-2004
| | Posted on Monday, July 10, 2006 - 7:25 pm: |
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Straw, I would have agreed with your post had you said "people" instead of "men". If he were straight and had had these same liaisons, but with women, I would hope you would be equally put off. Somehow, I think not. |
Strawberry
Supporter
Username: Strawberry
Post Number: 7521
Registered: 10-2001
| | Posted on Monday, July 10, 2006 - 8:10 pm: |
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A whore is a whore..No respect for anyone who visits rest stops for a little action...And yes, a married man doing this behind his wife's back..disguisting. |
Foj
Citizen
Username: Foger
Post Number: 1630
Registered: 9-2004
| | Posted on Monday, July 10, 2006 - 10:51 pm: |
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Corzine won, get over it Straw, YOU ARE OBSESESESING. |
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