The More You Read, the Sicker You Get

If you have not already read this perspicacious piece, do so right now.

Then, contrast it with this boneheaded letter to the editor of The New York Times, demonstrating what it is that we’re up against: someone who actually believes it’s a Bad Thing that New Jersey’s taxes "lag behind" two other jurisdictions in the Country.

If one takes the figures from last year – about $28.2 billion in state taxes – and adds to that sum the approximately $20 billion we pay in property taxes, that works out to just about $5500 in taxes for every man, woman, and child in New Jersey. Corzine’s proposals will add another $200 to that figure, never mind what property taxes will do.

Hence, before a family of five even considers the costs of housing, clothing, food, heat, electricity – maybe even an occasional movie – it must cough up an astonishing $25,000 to the local tax eaters. And, of course, the feds want their piece, too, and, then, impose the execrable Alternative Minimum Tax on those of us foolish enough to have a mortgage and kids while living in this tax hell.

Because, by paying for our homes, and paying taxes that Corzine and Shure think are too low, the feds think we’re rich folks not paying our "fair share".

The ENTIRE New Jersey Congressional delegation should DEMAND that the next bill adopted by Congress be the repeal of the AMT – which might more appropriately be entitled the Anti-New Jersey Tax.

And the ENTIRE Legislature should demand a No Tax Increase, No Spending Increase budget.
Not one more nickel in borrowing, taxing or spending. Indeed, a five year freeze on ALL governmental spending, at all levels, and tax cuts to match. If Steven Lonegan can do it in Bogota, we can do it everywhere.