fbpx

Murphy vs. MacArthur: Trump tax plan vote ignites feud

TRENTON — Incoming Gov. Phil Murphy wasted little time in igniting a feud against the only federal lawmaker from New Jersey who supported the House Republican tax bill that would curb the deduction for state and local taxes. Murphy, a Democrat, this weekend singled out U.S. Rep. Tom MacArthur, R-3rd Dist., who backed the legislation even… Read the rest of this entry »

Posted: November 20th, 2017 | Author: | Filed under: New Jersey | Tags: , , , | Comments Off on Murphy vs. MacArthur: Trump tax plan vote ignites feud

Guadagno releases new TV ad —Shot in Monmouth County

Lt. Governor Kim Guadagno, the GOP nominee for NJ Governor, released a new television ad this morning contrasting herself with former Goldman Sachs banker Phil Murphy, the Democrat nominee.

Transcript: Read the rest of this entry »

Posted: September 29th, 2017 | Author: | Filed under: 2017 NJ Gubernatorial Politics, Kim Guadagno, Monmouth County News, New Jersey, Phil Murphy | Tags: , , , , , , | Comments Off on Guadagno releases new TV ad —Shot in Monmouth County

Why is Tax Day April 18 this year?

assetContent (70)

Tax Day is April 18 this year, giving us three extra days to prepare our annual fiduciary sacrifice to the Internal Revenue Service. And who do we have to thank? How about Abraham Lincoln? The deadline for filing federal taxes is April 15, unless its fall on a Saturday or Sunday, in which case Tax Day… Read the rest of this entry »

Posted: April 10th, 2016 | Author: | Filed under: IRS, Taxes | Tags: , , | Comments Off on Why is Tax Day April 18 this year?

N.J. Democrats say they’ll make good on $3.1 billion pension promise with budget

assetContentTRENTON — Democratic lawmakers on Monday are expected to reveal their plan for a state budget they say would bridge the gap between the $1.3 billion Gov. Chris Christie wants to spend on public worker pensions next year and the $3.1 billion unions are demanding. That plan likely relies on the controversial millionaires’ tax and a… Read the rest of this entry »

Posted: June 21st, 2015 | Author: | Filed under: New Jersey State Budget | Tags: , , , | 4 Comments »

34,000 New Jerseyans about to miss out on unclaimed tax refunds: IRS

A deadline is looming for 1.1 million taxpayers nationally who might be entitled to refunds totaling more than $1 billion. That pool of people includes roughly 34,2000 New Jersey residents who never filed their returns in 2011, according to the Internal Revenue Service. The IRS estimates they are entitled to $34.5 million in refunds – or… Read the rest of this entry »

Posted: April 13th, 2015 | Author: | Filed under: IRS, Taxes | Tags: , | Comments Off on 34,000 New Jerseyans about to miss out on unclaimed tax refunds: IRS

Christie tells N.J. business leaders he will work to make state more affordable

WASHINGTON — Gov. Chris Christie drew a fresh line against raising new taxes in a speech tonight to New Jersey’s business community. “As long as I’m here, we’re not going to make the state less affordable,” Christie said in delivering the keynote address at the 78th annual New Jersey Chamber of Commerce congressional dinner, part of… Read the rest of this entry »

Posted: February 19th, 2015 | Author: | Filed under: 2016 Presidential Politics, Chris Christie, Christie Administration, Economy, New Jersey, New Jersey State Budget, News | Tags: , , , , , , | 3 Comments »

Legislature Sets Sights on Rescuing Atlantic City from Financial Brink

The legislative debate over Atlantic City’s financial struggles — and the future of gambling in New Jersey — is starting to shape up as a deadline approaches for what could be the city’s fifth casino closure of the year, and lawmakers look forward to passing bills on casino taxation, redevelopment funding, and local tax relief as… Read the rest of this entry »
Posted: December 6th, 2014 | Author: | Filed under: Atlantic City, Stephen Sweeney | Tags: , , , , | Comments Off on Legislature Sets Sights on Rescuing Atlantic City from Financial Brink

Posted: November 29th, 2012 | Author: | Filed under: Cartoons, Economy, Taxes | Tags: , , , | Comments Off on

Obama’s Obsession

Posted: November 29th, 2012 | Author: | Filed under: Barack Obama, Benghazi, Taxes | Tags: , , | Comments Off on Obama’s Obsession

How much is the Powerball Jackpot worth after tax?

Got your ticket(s) yet?

If you win, take the cash option.  Taxes are probably going up on the rich next year.

The jackpot is now up to $550 million.

Under current tax law, if you take the 30 year annuity your annual $18,333,333 will be taxed $4,583,333 by the IRS and $1,980,000 by the State if you live in New Jersey, for a net annual payment of $11,770,000.

If you take the $360,200,000 cash jackpot, the feds will take $90,050,000 and New Jersey will take $38,901,600, leaving you with a net payment of $231,248,400.

Source: USAMEGA.com

 

Posted: November 28th, 2012 | Author: | Filed under: Powerball lottery, Taxes | Tags: , | Comments Off on How much is the Powerball Jackpot worth after tax?