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    Trenton Two Step

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    Governor Chris Christie
    While Democrats in New Jersey have proposed their own income tax relief plans, they essentially follow the lead of Governor Christie who has already passed a direct 10% income tax cut. Both plans will result in lower income taxes for New Jersey residents, even though the Democratic plan determines property tax amounts and eligibility for credits to apply against income taxes in a more complicated manner than the Governor's straightforward cut.

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    Trenton Two Step

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    Governor Chris Christie
    179 views1 page
    While Democrats in New Jersey have proposed their own income tax relief plans, they essentially follow the lead of Governor Christie who has already passed a direct 10% income tax cut. Both plans will result in lower income taxes for New Jersey residents, even though the Democratic plan determines property tax amounts and eligibility for credits to apply against income taxes in a more complicated manner than the Governor's straightforward cut.

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    While Democrats in New Jersey have proposed their own income tax relief plans, they essentially follow the lead of Governor Christie who has already passed a direct 10% income tax cut. Both plans will result in lower income taxes for New Jersey residents, even though the Democratic plan determines property tax amounts and eligibility for credits to apply against income taxes in a more complicated manner than the Governor's straightforward cut.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    179 views1 page

    Trenton Two Step

    Uploaded by

    Governor Chris Christie
    While Democrats in New Jersey have proposed their own income tax relief plans, they essentially follow the lead of Governor Christie who has already passed a direct 10% income tax cut. Both plans will result in lower income taxes for New Jersey residents, even though the Democratic plan determines property tax amounts and eligibility for credits to apply against income taxes in a more complicated manner than the Governor's straightforward cut.

    Copyright:

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    Download as PDF, TXT or read online from Scribd
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    Trenton Two-Step

    While They May Be Following Governor Christies Lead On Income Tax Relief, Leave It To Trenton Democrats To Trip Over Their Own Feet
    Despite their attempts to dance around this fact, Democrats have followed Governor Christies lead on delivering INCOME TAX relief for New Jersey families with plans of their own this week. But in the end no matter what steps they take under the confusing legislative income tax credits plan or the Governors direct income tax cut, New Jerseyans will end up in the same exact place: Lower Income Taxes.

    Governor Christies Tax Relief Plan:

    Democrats Tax Relief Plan:

    1. Cut Income Taxes By 10%.

    1. Determine Assessed Value of Homeowners Property; 2. Collect Property Taxes At Current Rates; 3. Compute Credit Against Income Tax As A Percentage Of Line 2 Amount; 4. Compute Individuals Income Tax Liability At Current Rates; 5. Determine Eligibility For Credit Based On Level Of Income; 6. Apply A Credit Equal To Line 3 Towards Individuals Income Tax Liability; 7. Collect Reduced Income Tax.

    In The End, Everyone Is Dancing To The Same Tune

    INCOME TAX RELIEF

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