Sales tax hike alternative
A study released Wednesday by New Jersey Policy Perspective may give lawmakers the out they are seeking to keep the sales tax at 6 percent - extend it to goods and services now exempted from it. That way, when they hit the campaign trail next year, they can say they fought the proposed increase from 6 percent to 7 percent, even though they approved new sales taxes that took the same amount of money out of taxpayers' pockets.
NJPP endorses the idea of broadening the sales tax rather than increasing it. It suggests applying the sales tax to gasoline, over and above the current state gasoline tax. That alone would raise close to $1 billion - a little less than the amount a 1-cent sales tax hike would generate. The report includes an appendix that lists all the other candidates for sales tax, and the amount each would generate. Among them: food ($922 million), clothing ($680 million), consulting and lobbying ($462 million), legal services ($449 million), engineering and architectural services ($379 million) and accounting and tax preparation ($297 million) and advertising ($146 million).
If lawmakers extended the sales tax to all the items listed in the appendix, it could generate an additional $5.6 billion.
Don't allow the Legislature to be seduced by the prospect of easy money - your money. E-mail them or phone them http://www.app.com/apps/pbcs.dll/article?AID=/99999999/OPINION/60530007 and tell them you want them to balance the budget by cutting spending, not raising taxes - any taxes.
The full NJPP report: http://www.njpp.org/rpt_salestax.html
NJPP endorses the idea of broadening the sales tax rather than increasing it. It suggests applying the sales tax to gasoline, over and above the current state gasoline tax. That alone would raise close to $1 billion - a little less than the amount a 1-cent sales tax hike would generate. The report includes an appendix that lists all the other candidates for sales tax, and the amount each would generate. Among them: food ($922 million), clothing ($680 million), consulting and lobbying ($462 million), legal services ($449 million), engineering and architectural services ($379 million) and accounting and tax preparation ($297 million) and advertising ($146 million).
If lawmakers extended the sales tax to all the items listed in the appendix, it could generate an additional $5.6 billion.
Don't allow the Legislature to be seduced by the prospect of easy money - your money. E-mail them or phone them http://www.app.com/apps/pbcs.dll/article?AID=/99999999/OPINION/60530007 and tell them you want them to balance the budget by cutting spending, not raising taxes - any taxes.
The full NJPP report: http://www.njpp.org/rpt_salestax.html
posted by Randy Bergmann at 10:43 AM
11 Comments:
A sales tax hike won't work.
Why is it that legislators in NJ blame everyone but themselves for the massive budget deficit?
THE GRAVY TRAIN IS OVER.
Every government employee and teacher MUST pay more for health and pension benefits or they can walk. We don't give a damn about union leaders. We have more than 5,000 non-union VOTING taxpayers so the legislators better start paying attention to us.
Every government department MUST eliminate no less than 5 employees beginning with the political appointed, do-nothings.
There. We fixed the pension problem and reduced the budget and it didn't take us months to do it.
We recommend a government shutdown since the legislators avoid at all costs the words "fiscal responsibility" and "slashing government waste."
Their words - not ours. "... New Jersey has a spending problem - NOT a revenue problem."
Instead of pointing fingers, the legislators should look in the mirror.
We suggest concerned taxpayers visit the web sites:
"New Jersey Citizens Against"
http://360.yahoo.com/njcitizensagainst00
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Visit our new friends at:
www.nocorzinetaxhike.com
NO MORE TAXES...WHEN WILL THE BLOODSUCKERS IN TRENTON GET IT NO NEW TAXES>>>I don't care who they lay off....my life finances are a mess all thanks to property tax ,sales tax income tax ....I'm at my wit's end ....NO NEW TAX..my life is in the toilet now !
Yikes! Another $5 billion! With that money Corzine would not have had to "cut" his budget.
Cut spending. Don't raise taxes!
Rhode Island- The Ocean State house approved a budget that would lower and flatten the top income tax rate, lower the car tax, raise the state’s earned income tax credit and raise the state’s property tax credit for low-income seniors and disabled residents.
Arizona- This week the governor signed an omnibus bill delivering $500 million in income and property tax cuts.
Oklahoma- The legislature has recently passed a budget that cuts taxes by $623.7 million when fully implemented by reducing the top income tax rate 16 percent, phasing out the state death tax, and increasing the standard deduction.
Where does New Jersey rank? If Corzine gets his way, taxes will increase in New Jersey more than any other state in the country once again and spending will rise significantly faster than the national average. Enough is enough. It is time to prioritize spending and get the budget under control.
I advise that all of you start making plans to leave this state, because very little is going to change.You all are the victims of the three card monty game.Dems, RINO'S, and government-union workers.Florio, Whitman,Codey,Kean,McGreevy, and now Corzine.They are playing the same old game and telling you the same old story.Do yourself a favor and plan on packing your bags for another state, there are 49 others available.
TO Anonymous... Well said! I have lived here all my life {58 years}sorry to say I must leave I'm taxed out my I have seen my property tax go from $1,700 to over $20,000 in 25 years I now believe it will get a lot worse before anything will be done ....fairwell & good luck, D B in little silver
to DB you are one of the "enlightened" ones in nj. I am also making plans to leave this tax oppressive state.Like I said, happiness is seeing the "Welcome to New Jersey" sign in your rear view mirror.
There is nothing wrong with taxing legal services. If this raises the price of legal services 6%, let lawyers take a 6% pay cut.
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