Taxes

The transfer inheritance tax is one of New Jersey's oldest taxes, dating to 1892.

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During a special economic summit at Rutgers University in New Brunswick, municipal leaders from across the Garden State were told additional belt-tightening measure may soon have to be taken, because the economic come-back is moving in slow motion.

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Today, Governor Chris Christie is expected to make good on his pledge to veto the millionaires' tax hike bill for the third time in three years. The measure received full legislative approval yesterday.

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Governor Christie continues to be angry, after Jersey democrats rejected his tax cut plan - and put forth an tentative tax reduction proposal that can't kick in until at least next year.

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Today, without discussion or debate, the full State Senate is expected to approve a millionaires' tax hike bill that Governor Chris Christie is still promising to veto it for the third consecutive year.

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New Jersey already has a law on the book that requires government officials to send public contracts to the state for online posting, but many simply don't do it.

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Figures show that recent toll increases are hitting Ocean and Monmouth County residents harder than anywhere else in the state. So, shore area state lawmakers are hoping to level the playing field.

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Get ready to be shocked yet again by how your tax dollars are being wasted in New Jersey.

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Tomorrow is May 1st. In New Jersey this year, May 1 is the day Garden State residents have finally paid enough in taxes to actually start keeping what they work so hard to earn. New Jersey’s tax freedom date is tied with New York for falling second latest of all the states, with the exception of Connecticut, whose freedom date is May 5. For comparison, Pennsylvania’s freedom date was April 18 and Delaware's April 17.

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A poll released by the New Jersey Association of REALTORS revealed that high property taxes remain the top concern for Garden State residents, yet when forced to choose among the dueling tax cut plans, most voters would choose Governor Chris Christie's income tax cut proposal.

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