New Jersey is considering eliminating its estate tax, but some are suggesting to instead scale it back but keep it on the books for the wealthiest estates.
Neither a proposed estate tax cut nor the near-bankruptcy of the Transportation Trust Fund has convinced New Jersey residents to get behind an increase in the state's gas tax, according to the latest Rutgers-Eagleton poll out Thursday.
Q. Estate taxes as a New Jersey resident drive me crazy. Clearly Florida seems to be the most tax-friendly place to move to, but I don’t like heat. What other options exist? I thought Pennsylvania would escape New Jersey’s estate tax, but then I learned that Pennsylvania has an inheritance tax that can be just about as high. As they say, taxes and death can’t be avoided. Can they?
State lawmakers are taking first steps toward two tax cuts, though the changes appear unlikely to become law unless drivers also start paying more for gasoline.
Q. My parents did their wills online and they’re very simple, but they have an estate that’s over the $675,000 New Jersey limit. How can I tell if they should do more estate planning than an online will?
We know New Jersey's Democrats are going to raise the gas tax, but Senator Mike Doherty called in to put the negative consequences of this money grab into perspective.