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Archive for March 11th, 2012

For superior tax relief, abolish income and property taxes

11 Mar

Assembly Majority Leader Louis Greenwald calls for “a 20 percent property tax relief credit to homeowners of the first $10,000 in property taxes paid for all homeowners earning up to $250,000 per year” in a March 11 op-ed (The Record).  This plan would be phased in over years, according to Greenwald, “and it would be funded by asking New Jersey’s millionaires to pay their fair share.”  What is a millionaire’s “fair share” in taxes?  Greenwald does not define, identify his redistributionist heist.

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Posted in Education, Income taxes, Local government, New Jersey, Politics, Property taxes, State government