The tax thing is not unique to NJ. It is all of USA. You can just file a non resident form for the duration and the tax rate should be different.
I live in New Jersey and we have the largest exodus of people leaving the state EVER! It's expensive to live here. I know a family that pays $12,000 in property tax. You also have to deal with the cops who want to only pull people over so they can generate revenue.
I just found out yesterday that although I have taught in Asia last year I still have to pay New Jersey taxes because I'm still considered a resident. I was in South Korea for the full year and I still have to pay NJ taxes!
Anyway, $100K seems like a lot of money, but it's not really that much today.
I live in New Jersey and we have the largest exodus of people leaving the state EVER!
Nobody cares if you make $100k a year if you are in so much debt you have the buying power of someone who makes $35k a year. Take your W2 subtract taxes and student loans, remember that anyone making $35k practically gets all their taxes refunded, and yeah.
again, i'm not talking about you. i'm talking about the people who save everything but don't do anything, because "they can't afford to".
You're talking about extremely tiny percentage of people. In fact it's so small I'll say they don't exist.
Wish I had a cheap mortgage.. Rent is over $3k for a 1BD/1BA. Weeeee. Price of living at a nice place in Mountain View.
This is actually a very good point that liberals, like Dave, seem to ignore, particularly when they are blathering about the "poor" "looking out for their best interests". We have a couple resident P&Ner's who use that line frequently.
Apparently, while this logic works for minimum wage earners and union members, it's not allowed for the 1%er's or "rich", Instead, they are required, in the liberal mind, to look out for others' best interest. It amazes me the double standards that are used in liberal logic.
I'm not asking for more or less from the 1%'ers but I'll say this...they are the top of the chain and generally the ones who offshore people's jobs...especially those at the middle and lower middle range. In that regards, then yes, people are going to ask them to look out for other people's interest (lower classes) in keeping the jobs here.
As for the OP, those people are doing it wrong, IMO.
Heya Neighbors! How are you feeling since the accident? Healed up and fully mobile? Welcome to the area and welcome to low taxes and affordable property! We live near 146th and Carey. We almost lived in Zionsville just got a better deal on this place.
So a flat tax then? Much of the rich would actually welcome that.This is what I propose as a tax rate.
You are responsible for x% of the total tax burden if your income is x% of the national total income.
Say the top 1% made 95% of all income, they should also be responsible for 95% of the tax burden.
that is just ridiculous, since when does MTV cost as much as living in SF? I worked down there for 4 of the 6 last years and I can't imagine the rent being that high
So a flat tax then? Much of the rich would actually welcome that.
That would mean someone making $1 million a year would be paying the same exact tax rate as someone making $10000 a year. The former pays 100X as much in actual dollars, but that would actually be an improvement in many cases.
I am not sure it works out that way since it depends on number of people in that tier. Assuming we go with the decile system, and apparently the top decile made 1/2 of the income, then the top decile is responsible for 1/2 of the tax burden.
That's the going rate for one with a gym, close to public transportation, in unit washer and dryer and being relatively new. I'd venture to guess half the people in my apartment complex work for Google or Stanford med.
Which one do you work for?
That's the thing about high-paying jobs. They're usually in expensive places, and often, you have to work long hours which necessitates an expensive place close to work.
Until very recently I was working on Bay street in Toronto making good money, but also worked 18 hour days, which meant I lived downtown, which meant I was paying $2200/mo in rent. Also needed some fancy edjumacation which meant high student loan payments.
Yeah I had a decent amount of disposable income, but it's not like I lived on $4k/mo and saved $4k/mo.
Between Obama, Brown, and Silicon Valley real estate, 200K might as well be middle class.
that is just ridiculous, since when does MTV cost as much as living in SF? I worked down there for 4 of the 6 last years and I can't imagine the rent being that high
I can't buy a shack with 350k here.
I use to live in Mountain View...lived there for 4 years from 2006-2010. Really, what you're paying for is location. Easy access to 85/101/280/237, can work in either SF or SJ, easy access to both airports, etc. My rent was always pretty cheap for the area, but with south Bay Area housing prices through the roof, I'm not surprised that apartment rents have increased.
A friend of mine lives in downtown San Jose and he and his girlfriend pay ~$2,400 for a 1BR/1BA. He said that if they wanted 2BR it'd be only an extra $500 or so a month. It seems like apartments really feed off the singles and young couples who make good money but haven't saved up enough to put in a decent downpayment on a $1M house.
Stop listening to 101.5, New Jersey's population is growing and has been for years.
http://quickfacts.census.gov/qfd/states/34000.html
I'm not asking for more or less from the 1%'ers but I'll say this...they are the top of the chain and generally the ones who offshore people's jobs...especially those at the middle and lower middle range. In that regards, then yes, people are going to ask them to look out for other people's interest (lower classes) in keeping the jobs here.
As for the OP, those people are doing it wrong, IMO.