kek@5941ux.UUCP (09/01/83)
Now hold on there! I don't think the state should set a deadline for filing
for your rebate and if you miss it you're out your money. A person who fails
to file by the deadline should be allowed to re-file much like an amended
state or fed tax return. Let's remember how the tax rebate got started.
When the state courts directed that it was unconstitutional to support
education solely thru property taxes, the state enacted an income tax
supposedly to finance education. Property owners screamed that they were
already paying thru the nose, and that now the state was enacting yet another
tax. Therefore, property owners were to get a rebate on the tax that they
paid so as to make the final levy more fair.
In other words, the guy is <ENTITLED> to his rebate, deadline or not!!
In my own case, the rebate amounts to about a quarter of the additional
taxes I pay. I usually file my claim by return mail after I get the notice
to be sure I don't loose it. With the property taxes we pay, and the income
tax, and the increased sales tax, etc., we really do pay thru the nose in NJ.
So anything you can get back helps.
Ken Kepple
Bell Labs Holmdel
...!{hocda, ihnp4, floyd!vax135!ariel!houti!hogpc}!houxm!houxf!5941ux!kekhalle1@houxz.UUCP (09/01/83)
I moved to NJ from Virginia about a year ago. I am now paying LOWER net taxes. I think that you'll find that NJ is not so bad overall compared to the rest of the country, at least in states with similar demigography (I think that's the word). Examples: Income tax: NJ 2-2.5% VA:Graduated, top rate 5.75%, but with deductions and separate filing for marrieds possible. On $60K combined with 15K deductions (EG), NJ~1400, VA~2200. Sales tax: NJ 6% with various exclusions VA: 4% on (virtually) everything, including food and clothing. I don't remember the IRS table, but I estimate ~200 advantage to NJ. Excise tax: NJ slightly more on "sin tax" items, but MUCH less on gasoline. Northern VA even has a 4% sales tax on gas. Property Tax: NJ ~2.5% on real value VA ~1.5% Here's where VA wins. On equivalent housing, say $100K, NJ pays $1K more. However, equivalent housing costs more in equivalent parts of VA. Eg, 100K in NJ (except very close to NYC, and even there it should be compared to VA very close to DC where costs are more) won't touch anything in VA except out in the far boonies. You can't find anything over .25 acres in VA under 200K. So the difference is even smaller, perhaps 500 or less; possibly even less in NJ than VA. Other: VA has a personal property tax. This applies to things like autos, boats, workmans tools, etc. This is typically 4-5% of the book value of the cars. This adds on several hundred more dollars for the typical family. Also, utility taxes run 20-25% in VA vs 13.5% in NJ. In all I'm about $1000 better off in NJ vs VA. And VA is considered low in taxes. Services were not any better there. So quitchergripin. We in NJ pay a lot, but we are pretty well off relative to everyone else.