There was already a vacuum pulling people out of this state and this just increased the pull. Interestingly, in NJ only the first 10K of prop tax is deductible from state income tax... so effectively I will be taxed on the same dollar 3x (pay the prop tax, tax the money already collected in the state, tax it again federally) ugh.
But I am the proverbial frog in boiling water (perhaps I should hop out?)
Go Irish
Replies to: "You are spot on"
- Has anyone done any tax planning to see the impact of the - irishscooter - 2:56pm 12/14/18
(24) [View All]
- I qualified for the EITC last year - MarkHarman - 9:25pm 12/15/18
- Mine should be lower. - iairishcheeks - 1:18pm 12/15/18
- Best I can tell my federal taxv burden dropped $4K. [NT] - NDavenue - 9:34pm 12/14/18
- My Fed tax went down about $140 a month, but I don’t live in ... - CC72 - 7:45pm 12/14/18
- I feel bad that you had 140 fewer chances to be patriotic. [NT] - NedoftheHill - 8:11pm 12/14/18
- Good for you [NT] - irishscooter - 7:52pm 12/14/18
- Surprise surprise surprise!............Gomer Pyle [NT] - golfkrzy - 5:17pm 12/14/18
- The limitation (cap) on the state and local tax deduction is a killer - Shadow_of_the_Dome - 4:13pm 12/14/18
- Bingo. Don’tcha love your tax cut? - Frank L - 5:19pm 12/14/18
- NJ is a nightmare - 86domer - 4:22pm 12/14/18
- Are you a native of NJ? - WoodstockIrish - 7:44am 12/17/18
- Smacking me hard and I am in Virginia [NT]
- irishscooter - 5:04pm 12/14/18
- On the plus side, I think I will miss the AMT this year as the criteria has increased. - Shadow_of_the_Dome - 5:10pm 12/14/18
- my AMT differential is very tight as well. [NT] - irishscooter - 5:27pm 12/14/18
- On the plus side, I think I will miss the AMT this year as the criteria has increased. - Shadow_of_the_Dome - 5:10pm 12/14/18
- Hear you on that - Shadow_of_the_Dome - 4:58pm 12/14/18
- You are spot on - 86domer - 5:53pm 12/14/18
- First of all corporations get taxed twice once at the corporate level and once at the individual - THEISMANCARR - 3:23pm 12/14/18
- The 10,000 limitation really sucks and has a significant negative impact. [NT] - irishscooter - 5:01pm 12/14/18
- What have you found out? [NT]
- NedoftheHill - 3:08pm 12/14/18
- they are taxing the American dream into a nightmare. [NT]
- irishscooter - 5:02pm 12/14/18
- Wait, so you oppose higher taxes, and support lower taxes? Good to hear. [NT]
- NedoftheHill - 7:18pm 12/14/18
- What’s funny is you think this is a party issue. It doesn’t take much - irishscooter - 7:51pm 12/14/18
- Well, every time the GOP wants to lower taxes, the Dems get upset. That's what tricked me. - NedoftheHill - 8:12pm 12/14/18
- What’s funny is you think this is a party issue. It doesn’t take much - irishscooter - 7:51pm 12/14/18
- Wait, so you oppose higher taxes, and support lower taxes? Good to hear. [NT]
- NedoftheHill - 7:18pm 12/14/18
- Irishscooter refuses to release his tax returns! [NT] - iairishcheeks - 4:04pm 12/14/18
- they are taxing the American dream into a nightmare. [NT]
- irishscooter - 5:02pm 12/14/18