New Jersey has a reputation as a high tax state. This month, something happened that should pare back that reputation some: The state eliminated its sales tax on medical marijuana.The tax was eliminated under the terms of 2019 state law that set in motion the phasing out of the state’s sales tax on medical marijuana. From its starting rate of 6.625 percent, the sales tax lowered to four percent on July 1, 2020 and then to two percent on July 1 of last year.
New York's billionaire hedge fund managers have blazed the trail south in recent years with the likes of David Tepper, Paul Tudor Jones and Eddie Lampert all ditching the Empire State for Florida...a state which brings not only pristine beaches and year-round golf weather but also the added benefit of a 0% personal income tax rate.
Authored by Doug French via The Mises Institute,
“Pension fund problems worsen in 43 states” says the Bloomberg headline.
Laurie Meisler writes,
Just days after we reported that in the mad dash by virtually every American city to become Amazon's second headquarters, in which some such as New Jersey offered as much as $7 billion in state and city tax credits, today Amazon announced that that it has received 238 proposals from "cities and regions in 54 states, provinces, districts and territories around North America" who want to host the company's second headquarters, also known as HQ2.
President Donald Trump’s frequent trips to his resort properties like Mar-a-Lago and the Trump National Golf Club in Bedminster, New Jersey are forcing the Secret Service to find creative new ways to safeguard a president who is spending more time away from the White House than most of his predecessors.