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Wednesday
Apr 18th

Money

More Americans not paying federal income taxes: Ron Paul ideas challenge Republican government

BY BOB HOLT
NEWJERSEYNEWSROOM.COM

It’s income tax season again, but recent reports are saying that doesn’t matter to about half of the country.

Sussex County U.S. Rep. Scott Garrett said in a radio interview earlier this month that half of Americans aren’t paying income taxes. And it looks like statistics are backing his claim up.

According to PolitiFact New Jersey, a Urban Institute-Brookings Institution Tax Policy Center report estimated that about 46.4 percent of households would pay no federal income tax for 2011. Roberton Williams of the Tax Center said about half of those were because the homes had no taxable income after subtracting standard deductions and personal exemptions.

Mail Online reported that only 50.5 percent of Americans paid income tax in 2009; the lowest total in about 50 years. They said 151.7 million Americans paid no taxes in 2009, while in 1984, 85 percent of Americans paid.

Heritage Foundation statistics show that 21.8 per cent of U.S. citizens, or a record total of 67.3 million, were getting financial assistance from the government.

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Job searching is like March Madness strategizing

BY LINDA VAN VAKLKENBURGH AND ANDREA L. GOLDMAN
NEWJERSEYNEWSROOM.COM

Another exciting season of NCAA Basketball is moving in the direction of the playoffs.  Soon there will be words thrown around ...

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What did Blockbuster movie rental do wrong?

BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM
BOROSON ON MONEY

I keep driving by Blockbuster stores that are going out of business.

And I keep wondering: Why didn’t the people who ran Blockbusters — very well p...

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N.J. municipalities would share under $1.5 billion in state aid in Christie's proposed 2012-13 budget

N.J. municipalities would share under $1.5 billion in state aid in Christie's proposed 2012-13 budget

Same amount they received for 2011-12

BY TOM HESTER SR.
NEWJERSEYNEWSROOM.COM

New Jersey cities and towns would share $1,466,700,000 in state aid in the proposed 2012-13 state budget to try to hold down ...

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Is market timing a snare and a delusion?

BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM
BOROSON ON MONEY

Good grief, Vanguard Asset Allocation has been merged away. Vanguard is folding its assets into Vanguard Balanced Index. Which, to my mind, is a h...

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Study: Rich people more prone to be unethical cheapskates

The 99 percent usually portray the 1 percent at being dishonest, heartless and generally unscrupulous. Now, a study by researchers at the University of California, Berkeley, supports that notion.

"If y...

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IRS tech problems delay refunds for taxpayers

If you owe money to the federal government, chances are you aren’t in any hurry for the arrival of April 15, the annual deadline to file your income tax returns. But if you’re expecting a refund, you’...

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Assembly committee to consider N.J. minimum wage hike Thursday

Proposal would raise hourly pay $1.25 to $8.50 on July 1

BY TOM HESTER SR.
NEWJERSEYNEWSROOM.COM

The Assembly Labor Committee Thursday will consider legislation that would increase New Jersey's hourly mi...

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Mark Bellotti and Jonathan Domash of Marlboro plead guilty to $2.6M home loan scheme

Leonardo Hernandez of Hillsborough also pleads guilty to his role

A lawyer and an investment broker from Monmouth County have pleaded guilty for their roles in a scheme to steal more than $2.6 million ...

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