Data shows: New Jersey’s richest 1% pays $30 million in income tax
It’s no secret that top earners pay the highest tax rates across the country. In fact, according to a new study by Smartasset.com, the upper class pays about 45% of their total income taxes to the IRS. In the report,…
Riviera Beach wants to reduce property tax rates before new costs
Riviera Beach commemorates the end of a mold-infested police headquarters Riviera Police Chief Michael Coleman walked to the city’s mold-infested headquarters on May 7 with a sledgehammer to signal the building’s demolition. Riviera Beach plans to slightly reduce property taxes…
Columnist calls on Monroe County not to use local income tax for new prison
Sam Holdenman | Guest columnist Monroe County is considering using its share of the 2022 Economic Development Local Income Tax (ED-LIT) to fund the construction of a new jail. The county’s share of the 0.69% local income tax is about…
Proposal for a toll tax reduction for NJ E-ZPass has long been on hold
History and facts about the NJ Turnpike that you didn’t know: Video The New Jersey Turnpike is the busiest toll highway in the United States. In 1951, it became the third modern toll road in the country. In 2012, two…
Map shows states with the highest property taxes
Property taxes are a crucial aspect of homeownership in the United States, affecting everything from monthly mortgage payments to long-term financial planning. A new study by Maptive has shown which states will have the highest and lowest property taxes in…
Highland is considering introducing a local food tax from 2026 to offset revenue losses
HIGHLAND, Ill. (First Alert 4) – Part of Illinois’ 2025 state budget called for the elimination of the grocery tax starting next year, but one Metro East city could keep it. The elimination of the grocery tax is set to…
Highland is considering introducing a local food tax from 2026 to offset revenue losses
HIGHLAND, Ill. (First Alert 4) – Part of Illinois’ 2025 state budget called for the elimination of the grocery tax starting next year, but one Metro East city could keep it. The elimination of the grocery tax is set to…
Here’s what Florida’s second sales tax-free disaster relief holiday covers in 2024
ORLANDO, Florida. – September is the peak of the Atlantic hurricane season and gives Floridians another opportunity to stock up on storm preparedness supplies. During Florida’s upcoming sales tax holiday, no tax will be charged on retail sales of disaster…
California’s new retroactive corporate tax law triggers two lawsuits
Daniel Walters | CalMatters commentary During Jerry Brown’s first term as governor of California, he became embroiled in a highly complicated dispute over how the state should tax the income of multinational corporations. More than four decades later, the issue…
Senator Schumer promises to lift cap on SALT tax deductions
2 minutes reading time Gottheimer and Pascrell talk about the SALT trigger Reps. Josh Gottheimer and Bill Pascrell say Democrats will introduce a bill in the next Congress to restore the SALT deduction. Richard Cowen, NorthJersey.com The controversial cap on…
