Comments on: Beating The Proverbial Dead Horse.

By: Cipherin’ 101 at ten billion butterfly sneezes

Cipherin’ 101 at ten billion butterfly sneezes — Fri, 07 Jul 2006 01:38:27 +0000

[...] Via Jim at Parkway Rest Stop, an exercise in basic arithmetic. Jim is a New Jersey resident; that state has been in the news lately, because of budgetary woes that led to a shutdown of the state government over the last several days. [...]

By: A Blog For All

A Blog For All — Fri, 07 Jul 2006 01:13:51 +0000

Having Your Cake and They’re Eating It Too…

This is the long awaited deal between New Jersey Democrat Gov. Jon Corzine and the Assembly Democrats. Not only does the Governor get his sales and use tax hike, but the Assembly gets a bunch of their tax hikes too. And this is what we were waiting f…..

By: Libby

Libby — Thu, 06 Jul 2006 17:22:14 +0000

Forget the math, I can’t believe the state is still shut down after five farookin days. I read yesterday they shut down the casinos in Atlantic City.!!!! I’m legendary for the mathematical ineptitude but even I can figure out without revenue, it hardly matters what the tax rate is — no one will have any money to pay anyway. Can’t these idiots figure out some kind of stopgap compromise to keep things open? If it wasn’t so pathetic, it would be hilarious.

By: Blanton's and Ashton's - Article. II. Section. 4.

Blanton's and Ashton's - Article. II. Section. 4. — Thu, 06 Jul 2006 14:35:34 +0000

One Percent of What, Exactly?…

Jim, over at Parkway Rest Stop, is getting all caught up in the math….

By: cousin gary

cousin gary — Thu, 06 Jul 2006 14:34:10 +0000

UNDENIABLE FACTS

1) The State of NJ is broke.

2) The State still plans to “hand-out” 1.5 billion dollars in “property tax rebates” to residents in the fall. This absurdly includes $500+ checks paid to renters who obviously pay no property taxes. Call it what it is : Wealth redistribution to Democratic urban voters.

If they didn’t pay into the pot, just how do you call it a rebate ???

Property owners pay for the entire bill for education. Non-property owners pay nothing. On top of that, the Democrats plan to give them $500+ for their votes in November. Cancel the rebates, and there is no need to raise the sales tax. Simple

By: GUYK

GUYK — Thu, 06 Jul 2006 12:44:15 +0000

I understand and agree about the sales tax. But the tax that the legislature is wanting, or at least from what the MSM says that the legislature wants, is a tax on business and real estate. The consumer will wind up paying the tax regardless..it is just that the dim-a-crits can blame business for the higher prices brought on by higher taxes. With a sales tax the public will blame the legislature. But the irony is increasing a budget with no means to pay for the increase..typical political thought..

By: hoosierboy

hoosierboy — Thu, 06 Jul 2006 12:28:41 +0000

Just drive to delaware and buy the stuff without a sales tax, or buy in NY and PA when they have sales tax holidays

By: Jim

Jim — Thu, 06 Jul 2006 08:38:07 +0000

A curious thing about the words “pedantic” and “pedantry” is that it is difficult to use them without sounding, … well, pedantic.

By: Enlighten-NewJersey

Enlighten-NewJersey — Thu, 06 Jul 2006 05:10:01 +0000

In fiscal year 2006, New Jersey took in $6.716 billion in sales taxes. Next year, including the various Corzine sales tax increases, revenue will increase to $8.377. That’s a 24.73% increase in sales tax revenue. Without extending the tax to new stuff or increasing the rate, sales tax revenue would have increased by 3.4%. In reality, Corzine’s plan is to increase the sales tax next year by 21.33%.

That’s why the Governor, tax increase cheerleaders and the media prefer to talk about the sales tax increase in terms of pennies. As in, “Governor Corzine wants to increase the sales tax by “a penny.”

The collective family that is New Jersey is being asked to cough up an additional 110 billion pennies this year though an increase in the sales tax rate from 6 to 7 percent. Corzine also wants to extend the sales tax to goods and services not currently taxed to bring in additional 30 billion pennies and he expects us to buy more stuff so the state can take in another 26.1 billion pennies. All in all, the Governor is hoping the sales tax will bring in 166 billion 100 million more pennies to the state’s coffers.

By: Jay

Jay — Thu, 06 Jul 2006 02:56:53 +0000

Dude, I see what you’re saying, and it’s amusing, but when someone says “1% increase in sales tax” everyone knows that the sales tax is expressed as a percent and that means add another integer 1 to the current sales tax number. Not sure it’s worth being pedantic about in that manner.

Now if you were railing against people who eagerly await and spend their “tax return” each year, that would be worth the pedantry. Me, I’ll take a tax refund instead any day.