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N.J.

Double Whammy in N.J.: Property Taxes and Inheritance Taxes

Double Whammy in N.J.: Property Taxes and Inheritance Taxes
BY NIKKI DESHANE
NEWJERSEYNEWSROOM.COM

As we grow older, it becomes our responsibility to make sure that our life savings and property smoothly transition into our family’s hands after passing. In New Jersey, this inheritance is not as simple as state residents would like, and it’s forcing Jerseyans to search for alternative solutions.

A report released last week by the Regent Atlantic Capital claims that New Jersey lost a total income of $5.5 billion in 2010 as a result of nearly 88,000 tax payers leaving the state. About 20 percent of those who left moved to Pennsylvania, while the other 40 percent moved to Florida.

According to the dailyrecord.com, Governor Christie’s two percent cap on tax increases will slow the growth of property taxes. This means New Jersey state income from gambling, liquor, general sales, and corporation taxes will allow for the states to recover from the economic recession. Although this is good news, residents are still concerned with passing their monetary assets onto living relatives. 

 

New Jobs Report: New Jersey’s Unemployment Rate At Lowest Level Since December 2008

New Jobs Report: New Jersey’s Unemployment Rate At Lowest Level Since December 2008
BY KEVIN ROBERTS
SPECIAL TO NEWJERSEYNEWSROOM.COM
COMMENTARY

Yesterday's new benchmarked employment report out from the Department of Labor and Workforce Development continues to show the larger picture ...

New Jersey’s Tallest Building: Here It Comes

New Jersey’s Tallest Building: Here It Comes
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

New Jersey is getting a skyscraper, and it is going to be the tallest building in the state. Or is it?

A three-tower structure in Jersey City will soon be changing the l...

Hiring a Hitman: Lyndhurst Mom Speaks Out After 10-Year Prison Sentence

Hiring a Hitman: Lyndhurst Mom Speaks Out After 10-Year Prison Sentence
BY CHUCK MARVEL
NEWJERSEYNEWSROOM.COM

“I’ve watched a lot of Lifetime movies," Nicole Faccenda told the hitman she had hired. Faccenda, 45, of Lyndhurst, N.J., was worried that the hitman was actually a...

N.J. Senate President Sweeney Makes New Enemies ... the Gun-Rights Advocates

N.J. Senate President Sweeney Makes New Enemies ...  the Gun-Rights Advocates
BY BRETT POUSER
NEWJERSEYNEWSROOM.COM

Senate President Stephen Sweeney has made some new enemies with his support for a proposal that would reduce the legal capacity of magazines from 15 to 10 rounds, r...

Heroin Moves to N.J. Suburbs

Heroin Moves to N.J. Suburbs
BY ALLIE STRICKLER
NEWJERSEYNEWSROOM.COM

Heroin use and prescription drug abuse has almost reached the point of an epidemic in the state of New Jersey.

An issue once thought to be confined to urban “prob...

Child Luring Attempts in N.J. Put Parents on Edge

Child Luring Attempts in N.J. Put Parents on Edge
BY TRICIA BOGAN
NEWJERSEYNEWSROOM.COM

New Jersey towns are on guard. Unsettling news surfaced that there have been multiple attempts of luring in children within the last two weeks in Northern New Jerse...

Why Was Bill Stepien Fired by Chris Christie?

Why Was Bill Stepien Fired by Chris Christie?
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

The former manager for Governor Chris Christie’s two gubernatorial campaigns has landed a new job.

Bill Stepien took a position at Republican consulting firm FLS Connect...

Jersey Outcry: Lithuanian-American Community in Jackson Protests Lukoil and Putin (Video)

Jersey Outcry: Lithuanian-American Community in Jackson Protests Lukoil and Putin (Video)
BY BILL MILBRODT
NEWJERSEYNEWSROOM.COM

I was riding with my stepson, Chris, Sunday evening after an "Asian Fusion" lunch at Wok n Roll in Jackson, N.J. We stopped at the Barnes & Noble cafe in Howel...

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