newjerseynewsroom.com

1. N.J. lawmakers start $10.5B budget deficit blame game
(N.J./State)

... rates, Malone said, "That's absurd and I'm glad my Democratic colleagues have finally realized that. Now we have to get beyond playing these tired political games with phantom numbers and get to work on ...

2. Behind Christie’s budget is the largest property tax hike New Jersey has ever seen
(Opinion/Commentary)

... the fact that it grows state government by more than 6 percent — more than double the proposed 2.5 percent cap on local governments. Beyond the rhetoric of phantom "spending cuts" is the fact that ...

3. Should N.J. profit from Bernie Madoff Ponzi scheme?
(Opinion/Commentary)

...  (See the following article about how the IRS will treat Madoff's victims' losses.) However, New Jersey may not allow investors to recoup the taxes they paid on phantom income while they were being swindled ...

4. Deeds in lieu of foreclosure and short sales in N.J.: Beware of phantom income
(Money/Economy)

... get you off the hook for a deficiency judgment. Don't jump for these solutions until you've checked for "phantom income." Phantom income is income you're taxable on even though you don't see it – you ...

5. The stimulus one year later
(U.S./Nation)

... in dozens of phantom congressional districts." (In November, ProPublica's Jennifer LaFleur and Michael Grabell reported that the error rates on Recovery.gov weren't actually that bad compared to many ...

6. World Health Organization warning: Beware of counterfeit drugs
(Health/Healthquest)

... of procedures, phony companies invoicing for phantom services, pharmacists filling prescriptions for dead patients, home health-care companies demanding payment for treating clients actually in the hospital, ...

7. Budget expert gives legislators grim review of New Jersey's fiscal problems
(N.J./State)

... today confirmed what we've been saying all along — New Jersey is confronting a budget deficit of approximately $1.3 billion for the balance of the fiscal year. There are no phantom surpluses or face-saving ...

8. runaway inflation
(Comments/Unsorted comments)

So long as governments keep printing phantom money with nothing to back it up, the threat of hyperinflation is real. There is hyperinflation in Zimbabwe; and there are still people from Germany and Poland ...

9. New foreclosure data a mixed bag for New Jersey real estate
(Money/Economy)

... actually paying the minimum. During the housing bubble, banks commonly packaged those risky loans, and their phantom profits, into securities sold to Wall Street investors. That in turn led to the collapse ...

10. Treasury Inflation Protected Securities, or TIPS, can provide a hedge against inflation
(Money/Economy)

... will not receive any adjusted principal until maturity. This is called "phantom income" because you have to pay tax on the amount without actually taking receipt of that income. You will receive two ...

11. 'Company' provides an entertaining look at matrimony
(Entertainment/Movies)

... become part of marquee Broadway shows like "Phantom of the Opera," "Jersey Boys," "Mamma Mia," "Cats" and more. Other actors have gone on to join major tours such as "Hairspray," "Cats," "Chicago" and ...

12. Baseball icon Vin Scully bridges sports, politics, broadcasting
(Sports/Professional)

... contraption, probably thirty pounds." Vin aired a Saturday night disc jockey show. "It was funny," he said. "We thought it was funny, anyway." Scully, a.k.a. The Phantom, played center field on the baseball ...

13. Experts weigh in on impact of raising N.J. taxes as solution
(N.J./State)

... phantom income, since these are the taxpayers responsible for a significant part of this year's state revenue shortfall." — ANDY LAGOMARSINO, NEWJERSEYNEWSROOM.COM  ...