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New Jersey Democrats To Introduce New Tax Surcharges On Millionaires

Tyler Durden's picture





 

Just headlines for now. Of course, if your trading record is 63 out of 63 in the past quarter, you are fully exempt from paying any taxes in America in perpetuity. After all you own the country.

 


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Mon, 05/10/2010 - 10:23 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

New Jersey is simply trying to drive the GS cockroaches back to New York City.

"Don't come back, we're leaving the light on."

Mon, 05/10/2010 - 14:08 | Link to Comment BlackBeard
BlackBeard's picture

New Jersey is going to spend those extra tax monies on govvy staff parties and Rick's Cabaret.

Mon, 05/10/2010 - 10:25 | Link to Comment fuggetaboutit
fuggetaboutit's picture

no wonder walmart is the only stock globally down today

Mon, 05/10/2010 - 11:05 | Link to Comment wallst1980
wallst1980's picture

As is Moody's which is pretty global to me and their fraud for debt ratings!!

Mon, 05/10/2010 - 10:31 | Link to Comment ED
ED's picture

Mere millionaires are soon to be the new working class. Here's to thinking ahead.

Mon, 05/10/2010 - 10:31 | Link to Comment Number 156
Number 156's picture

Of course, those politicians somehow exempted themselves. Its the hallmark of a true kleptocracy.

Mon, 05/10/2010 - 10:32 | Link to Comment Ripped Chunk
Ripped Chunk's picture

Highest property taxes in the US and they want to tax the business owners even more. If you own any property there you better start farming it.

Mon, 05/10/2010 - 10:56 | Link to Comment The Alarmist
The Alarmist's picture

They will institute requirements  (via Cap-N-Trade) that will make it near impossible to sell your house and move.  Then, after you don't pay your property taxes, they will take the property away.  Finally, to add insult to injury, they will move to re-instate pauper laws and force you to work your land to justify your existence.  This is pretty much how feudalism started in the 3rd & 4th centuries ... we are doomed. 

Mon, 05/10/2010 - 11:50 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

what do you think, homeequity loans and fire insurance are for?? borrow to the hilt and a tragic fire..gotta leave ..the memories of that old home stead are too much to bear..got it?

Mon, 05/10/2010 - 13:24 | Link to Comment fallingman
fallingman's picture

+187 ... on a motha fuckin bankster!!!

Mon, 05/10/2010 - 10:33 | Link to Comment The Alarmist
The Alarmist's picture

I remember in the 1990's being deemed by New York to be "rich" somewhere around $30k ... I guess that a New Jersey millionaire will start somewhere around $50k. 

Mon, 05/10/2010 - 10:36 | Link to Comment koaj
koaj's picture

millionaire tax in NJ starts at 400k

fucking idiots. christie wont sign this anyway. a big nothingburger

Mon, 05/10/2010 - 10:38 | Link to Comment ColonelCooper
ColonelCooper's picture

Soon, we'll all be millionaires.  I think I see a dump truck backing up to the worksite to give me my morning's pay. 

Mon, 05/10/2010 - 10:58 | Link to Comment Headbanger
Headbanger's picture

And the Florida Democrats say "Thank you very much New Jersey!!"

Mon, 05/10/2010 - 10:59 | Link to Comment Headbanger
Headbanger's picture

And the Florida Democrats say "Thank you very much New Jersey!!"

Mon, 05/10/2010 - 14:23 | Link to Comment Moneygrove
Moneygrove's picture

Florida changed the name of the beach to black beach !!!!!! says they need suckers to buy florida beach front homes !!!!!!!!!!!!!!!! just think oil in your back yard baby !!!!!!!!!!!!!

Mon, 05/10/2010 - 11:23 | Link to Comment Oppressed In Ca...
Oppressed In California's picture

"Soon, we'll all be millionaires.  I think I see a dump truck backing up to the worksite to give me my morning's pay."

As they use to say in Zimbabwe - "We were all trillionaires.  We were so rich we use to burn our money to stay warm."


Mon, 05/10/2010 - 12:05 | Link to Comment Hulk
Hulk's picture

These guys have already been burned by the laffer curve. Amazing. Demonstrates just how dire the situation is, no properly functioning brains anymore...panic takes over, rational thought out the window

Mon, 05/10/2010 - 13:00 | Link to Comment ColonelCooper
ColonelCooper's picture

Coming to a city near you.  Tax 'em 'til they leave, then raise taxes on the ones who stay.  My city had the balls to RAISE the value of my house this year.  I'd be lucky as Hell to sell for 60% of my assessment.

Funny how even though we're shutting off every other street light to save money, cutting school programs, talking of laying off teachers, and not hiring police to fill vacancies, we can still afford to pave bike trails.  My sanity is looking to follow that last bit of rational thought out that window.

Mon, 05/10/2010 - 13:02 | Link to Comment Hulk
Hulk's picture

Colorado springs is it?

Mon, 05/10/2010 - 13:14 | Link to Comment economicmorphine
economicmorphine's picture

Dear Shakedown Victims:

Most of you are probably going to be choosing new places to live.  If you love God, guns and freedom and are willing to fight to defend it, we could use you in Texas.  If, on the other hand, you have been neutered by a government hell bent on making your every wish come true, you probably wouldn't like it here.  We don't do that shit, and we're about to do even less of it.

 

Texas.  John Galt would love it here.  That little pussy James Taggart would be better off somewhere else.   More later....gotta go clean my shotgun.  May need it soon.

 

 

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