Gov. Phil Murphy got an earful from some taxpayers at a town hall Thursday night, the third road show for his $37.4 billion budget."This state is too expensive, and you're making it worse," said Greg from Freehold, who was likely speaking for many.He was talking about the more than $1.5 billion in new taxes the Democratic governor is proposing in his first budget, including an increased and expanded sales tax and higher taxes on millionaires. He also wants to close loopholes that would extract additional revenue from multi-state businesses and hedge fund managers.Of course, $1.5 billion is a big number. But how much would the tax increases really cost you?We tried to figure it out. That sales tax hike is the one to hit the greatest number of New Jerseyans. Just how hard depends what and how much you buy. Others hit you if you're rich, will be smoking legal weed or use some services like Uber. None of this has happened yet because Murphy first needs the OK from reluctant fellow Democrats in the Legislature. So using some admittedly inexact estimates, let's see how much Murphy's budget could cost you.
English
24 Nisan 2018 - 02:00
What will Murphy's tax hikes cost you?
English
24 Nisan 2018 - 02:00
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