the Democrats tried to force a renewal of a 10.75 percent millionaires’ income tax rate that Corzine used to bring in more revenue to balance his last budget.
Christie won out in the end when Democrats cast the deciding votes on a budget that included the steep spending cuts, but left out the higher tax rate on millionaires.
Thus the current tax rate for incomes over $500,000 is 8.97 percent, a rate former Gov. Jim McGreevey called a “millionaires’ tax†in 2004….thanks to Gov. Christie and the extension of the Bush tax cuts, millionaires will pay $38,000 less in taxes this year, over $100 a day,†said Hetty Rosenstein, director of the New Jersey Communications Workers of America.
The sunglasses could be due to bags under her eyes or something, too.
I’m testing to see if my posts will work more normally now. I won’t post anything too thought out until I get off the evil-malicious-poster-until-proven-innocent list. 😉
Wendy -are you, like Scott, a native of Baton Rouge?
By DeadCatBounce on February 23, 2011 11:36 AM
what ‘tax breaks’ are available just to millionaires but not to anyone else?
FICA. The upper income limit makes this the most regressive tax in America.
Take that up with the Federal Gov’t. This is a discussion about states.
CGar, I did see your posts to me last night. I’m holding out for my tiara and cookies. As soon as I get those, you get my email address. 🙂
the Democrats tried to force a renewal of a 10.75 percent millionaires’ income tax rate that Corzine used to bring in more revenue to balance his last budget.
Christie won out in the end when Democrats cast the deciding votes on a budget that included the steep spending cuts, but left out the higher tax rate on millionaires.
Thus the current tax rate for incomes over $500,000 is 8.97 percent, a rate former Gov. Jim McGreevey called a “millionaires’ tax†in 2004….thanks to Gov. Christie and the extension of the Bush tax cuts, millionaires will pay $38,000 less in taxes this year, over $100 a day,†said Hetty Rosenstein, director of the New Jersey Communications Workers of America.
welcome Wendy. I saw your post pop up about spilling dirt on BHS. NO worries, we’ll get it out of you in person at the meetup :o).
wendy, FYI, I emailed Mr. B and Emily about your posting issues. Did you see my posts to you last night???
what ‘tax breaks’ are available just to millionaires but not to anyone else?
FICA. The upper income limit makes this the most regressive tax in America.
Woohoo! I’m off the moderated list! Finally!
The sunglasses could be due to bags under her eyes or something, too.
I’m testing to see if my posts will work more normally now. I won’t post anything too thought out until I get off the evil-malicious-poster-until-proven-innocent list. 😉