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Money

5 Reasons Jet Fuel Gets a Tax Break in New Jersey

5 Reasons Jet Fuel Gets a Tax Break in New Jersey
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

The friendly skies are a lot friendlier to airlines than they are to frequent fliers in New Jersey.

Little known tax breaks on jet fuel reportedly cost states over $1 billion annually.

According to .12billion.org, New Jersey only taxes airlines for jet fuel a plane uses while taxiing or during takeoff. The tax breaks are estimated to be worth $42 million to the airlines.

Industry lobbyists mainly cite economic reasons for the airlines to receive tax breaks. Airlines for America says airlines have created 11 million jobs across the U.S., and $1.5 trillion in money, NJ.com reports. The group says the breaks keep the carriers economically healthy, and help airfares remain lower.

 

4 Reasons Trump Taj Mahal Could Be Next to Fold

4 Reasons Trump Taj Mahal Could Be Next to Fold
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

And then there were eight. Could there soon be seven?

We’re referring to the downsizing of Atlantic City casinos. There are reports that the Trump Taj Mahal may be the n...

Deals: Get Denny’s $300 Breakfast Special

Deals: Get Denny’s $300 Breakfast Special
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

It’s the most important meal of the day. To get their fill of cholesterol for breakfast at a new Denny’s that is opening up in Manhattan today, patrons can choose the s...

N.J. Buyer Beware: Consumer Guide to Buying Fall Concert, NFL Tickets Online

N.J. Buyer Beware: Consumer Guide to Buying Fall Concert, NFL Tickets Online
BY RYAN CARBAIN
SPECIAL TO NEWJERSEYNEWSROOM.COM

MONTCLAIR – With many of the top recording artists on tour through the fall and the NFL season about to kickoff, the National Consumers League (NCL) in c...

Should God Save Gambling in New Jersey?

Should God Save Gambling in New Jersey?
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

A lot of Hollywood stars and professional athletes thank God when they win awards or sports championships.

If God does preside over such decisions, is there a chance tha...

Revel Casino Lost Another $21K Off Roof of Truck

Revel Casino Lost Another $21K Off Roof of Truck
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Revel Hotel and Casino in Atlantic City is just days from closing down, and it’s still dropping money faster than ever.

After an incident about two weeks ago, the strugg...

Winning Mega Millions Numbers for Friday, August 22 Worth $180 Million

Winning Mega Millions Numbers for Friday, August 22 Worth $180 Million
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

No one hit the Mega Millions lottery jackpot Tuesday night, but one player from New Jersey can’t be all that disappointed.

That player has to “settle” for second prize m...

Three N.J. Financial Firms Make CNBC Top 100 List

Three N.J. Financial Firms Make CNBC Top 100 List
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM
BOROSON ON MONEY

Three New Jersey companies made CNBC Digital’s first list of 100 best fee-only money management firms. One is in Summit, one in Clifton, and one i...

Winning Mega Millions Numbers Worth $128 Million For Tuesday, August 12

Winning Mega Millions Numbers Worth $128 Million For Tuesday, August 12
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

The dog days of summer are looking pretty good for Mega Millions lottery players. Especially one who can match six numbers.

There was no winner in the $115 million Mega ...

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