From HousingWire:
New home sales 10-year high baffles economists
After hitting a new low in August, new home sales surged in September to their fastest pace in the past decade, according to the latest report released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
Sales of new single-family houses in September surged to a seasonally adjusted annual rate of 667,000 sales, the report showed. This is up a full 18.9% from 561,000 new home sales in August and up 17% from 570,000 sales in September 2016. The increase marked the fastest pace of home sales in 10 years.
This sudden increase came much to the shock of economists, who said September would likely see a slight drop in home sales.
“Expectations were for a modest decline in sales as the current sales component of the NAHB’s Housing Market Index slipped in September and purchase applications were down in the MBA’s mortgage applications survey for August,” Nationwide Chief Economist David Berson said, explaining applications tend to be an indicator of sales activity.
However unexpected the news, experts were thrilled, saying this is the news they’ve been waiting to here.
“Now this is the kind of new home sales activity we need and expect to be seeing, especially after what was a pretty weak and disappointing summer selling season made worse by a string of Hurricane disruptions,” Zillow Chief Economist Svenja Gudell said. “And upward revisions to initially reported summer numbers, however modest, only sweeten the news.”
FRIST
Injection house
It is all over except for the crying
Second
How can Phil the turd Murphy defend inviting Bill Clinton to campaign on his behalf, at a union hall nonetheless?
Forget a minute that Bill is a predator and will be staring down a bribery indictment in the near future, this is the guy who brought us NAFTA and cost millions of blue collar union jobs. Democrats now own NAFTA as they are the ones who defend it vigorously.
Does the turd really think that trotting him out is a good idea? I suspect the answer is, the DNC is has become so bloated, rotten to the core, and detached from reality that is imploding in front of our eyes.
Not exactly a ringing endorsement from the Star Ledger Editorial Board
http://www.nj.com/opinion/index.ssf/2017/10/our_endorsement_for_governor-.html
I’d prefer Sweeney or Fulop to Murphy. But I’ll take Murphy over Prieto.
On the NLR at 7:50. 12 minute drive to. Round-trip with parking is $5.20.
Murphy has promised to do everything I would never want in a Governor.
I can’t believe we are actually about to elect a governor who is on record…promising to raise taxes. Are we nuts?
Come on folks the fractional Reserve Bank of New Jersey! Just think of the possibilities!
Make Jersey great again! VOTE For Phil Murphy!
I just got robbed in Penn Station Newark. $10.50 round-trip to NY Penn. there are tons of seats though. Something I am not used to. On the 8:18. This is looking like a reliably slow option. The E train is next.
$20.70 round-trip parking included. It’s about $14 cheaper than driving. But it’s slow. I’m predicting an 80-minute rail commute and 90 minutes door-door. On the bright side, I’m not driving and it’s cheap.
It seems like every other person who got off in Newark was of Indian descent. Smart. Most of them probably commute up from Edison or north or south Brunswick. Not a one on train into Manhattan. Mostly Millenials and dinosaurs like me.
That “endorsement” is partisan phoniness which you would expect from the SL. Nothing in it is substantiated. The turd is being so evasive won’t even put his position on the record in most cases.
They claim Christie has build a “disastrous legacy.” Looks to me like he’s been the most successful gov of the past 30-40 years which admittedly doesn’t say much.
I see one turban.
The pope could have run as an R and the SL would have said no. See who the Asbury Park Press endorses. Papers are as partisan as their readers. We are all sheep.
Pulled into Penn NY at 8:41.
On the E at 8:50.
Something I don’t understand about Puerto Rico.
None of this infrastructure was insured? The collective power companies and grid operators had no insurance?
Nothing?
Lib – travel like the construction workers, they got it down. In before 7, our before 3.
After Murphy wins people will be looking fondly back on Christie. In other news construction quickly proceeding on the 70 new rental apartment in my town that may slide down the hill onto the railroad tracks. Construction soon to start on another 130 in the next town over. And a few minutes to the south another 400 units are under construction. That is 600 hundred new units within five minutes of each other in 3 towns. All the physical locations are bad. Busy streets railroad etc Grim is right developers will fill in every spot they can build on as towns settle their low income housing to obligations.
PR selected the Whitefish bid for two reasons:
1) it was the only bid not requiring any upfront payment
2) it was the only bid not requiring any guarantee of repayment
That easy folks.
At my desk 9:02. Reliable!
Have to work late tonight Grim. Normally I do. I am on the road by 6am typically, but have some second shift action to deal with.
Apparently Old Bush patted women’s rears; good natured manner however. Whatever that means.
I blame yoga pants.
Sounds like a saint compared to Terry Richardson.
Good thing Mapplethorpe is already dead.
Yes yoga pants!!
I love whitefish, salad. Try the store-made at Fairway. Not all mayo. But $16/pound.
“Sales of new single-family houses in September … up 17% from 570,000 sales in September 2016.”
And pending sales year over year for September just announced as down 3.5%, lowest level in three years.
Anyone find a good analysis of wtf is behind these numbers please post. Buried somewhere in the data. Are condos considered SFH for these purposes?
Can’t wait till Murphy proves everyone wrong. The editorial piece from the star ledger is a joke. They claim lack of experience? Wtf? The dude just outmaneuvered big dogs like Fulton and Sweeney to take the governor position. No one knew him, and he beat out very popular politicians who supposedly have loads of experience and dreams of being governor.
Prove them all wrong, Murphy! I know a winner when I see one. This guy is going to help this state. Most attacks are out of pure hate for democrats or out of jealousy by career democrats that were outmaneuvered by him and now crying about it.
“The dude just outmaneuvered big dogs like Fulton and Sweeney to take the governor position.”
He bought every endorsement. He knows how to purchase favor. They teach you that at Goldman.
Is it me or is the Amazon smile impossibly phallic?
https://www.forecastrx.com/wp-content/uploads/2016/09/amazon-logo-rgb-1.svg
Play the game, and he indeed knows how to play. This means he will get stuff done. He’s not getting elected on pure lies like trump. He has actual plans in place that make a lot of sense.
Steamturd, Part Time Orientalist and Full Time Mysoginist says:
October 26, 2017 at 10:38 am
“The dude just outmaneuvered big dogs like Fulton and Sweeney to take the governor position.”
He bought every endorsement. He knows how to purchase favor. They teach you that at Goldman.
People bashing Murphy are the idiots that elected trump on the basis he would build a wall, stop immigration, end nafta, bring back good jobs, and make America great again. What a bunch of fools.
No we are just tired of wealthy Wall Street guys playing politician.
I would LOVE Booker over Murphy.
Alas, Booker is going for President. So it would be wise for him to bypass the governorship. Pretty good chance you’d get covered in shit in NJ. Kind that don’t shake off.
https://photos.app.goo.gl/4DZZAu7VrAyagEfs2
Safe for work, sort of. See what I mean?
Grim – insurance? PREPA filed for bankruptcy in July. $9 billion in unpaid defaulted debt and the bondholders wanted receivership for the company so PREPA filed for bankruptcy to stop that for now.
Before that however it seems to be a study for mismanagement of what should be a cash cow. They also cut the number of linemen in half over the last decade or more from about 8,000 to 4,000 or so while doubling the number of miles of power lines and customers.
You also need to have paying customers to afford to have a viable company private or public, but hey electrical power should be a right like healthcare….
Of course we will just forget about Corrine. Murph was a bit player in the scheme of things at Goldman but Corrine was the Chairman of the firm and he accomplished less than zero as Governor. Murph screwed up as Ambasdador to Germany and yet now he will be the savior of NJ??!! And how? By raising taxes. Some winner!
I saw a picture of Bezos recently. When did he get all bulked up? Must be hitting the gym!!
Booker is going for President.
First gay president?
JERSEY CITY – It’s the drink a local man will not soon forget. Police are investigating an, uh, altercation between the victim and a 47-year-old Jersey City woman. The pair was having a lovely drink in the bedroom of a Hague Street home on Saturday when an argument ensued. She then attacked him, the Jersey Journal reports, scratching up his arms, chest, stomach and face. And then she got nasty: “degloving” his scrotum. And what the hell is that? It is an injury in which an extensive section of skin is completely torn off, severing the blood supply, Wikipedia says. The analogy: like removing a glove. Oh, my. The woman is facing aggravated “assault on testicle” charges.
“Is it me or is the Amazon smile impossibly phallic?”
Saw that on here a couple weeks ago. Never noticed it before then, now that’s all I see in the logo.
What was the logo supposed to actually be lol?
A smile?
She ripped off his sack? Wow.
Looks like the amazon logo now.
re: bulked up..
He’s got a blood boy.
‘I saw a picture of Bezos recently. When did he get all bulked up? Must be hitting the gym!!’
Latest fad for older men: testosterone replacement therapy.
Bag is that really a thing?
When your 18, you have to get your steroids from a drug dealer, when your 58, your doctor hands out scripts like candy.
Go long Androgel.
House passed the budget….
216 in favor and 212 opposed.
Yeah topical testosterone just don’t use it as lube….
Post pulling out the big accusation – HRC and the Dems guilty of TREASON for indirectly paying for Russian intelligence, which the Dems similarly accused Donald Jr of.
http://nypost.com/2017/10/25/why-doesnt-hillarys-dossier-trick-count-as-treason/
Booker is testifying that Menendez is honest. That’s my second strike against him.
Watched the Frontline special last night ” Putin’s Revenge”. Brennan, Clapper and Johnson etc were interviewed.
The painted quite a picture. And the big reveal was that the Russians goal with election interference was not to get Hillary or Trump elected but via trolls and bots on social media was to actually try to show that everyone’s lying, everyone’s cheating.
Putin wanted to show us there is no objective truth. There is really no difference between what you hear from Western media, and what you hear in, say, Russia’s media.
The Menendez trial has been going on for two months now. I bet the jurors hope to wrap this up soon before Thanksgiving. We all know if convicted he probably has enough money and reasons for appeal but will he resign before the swearing in of the new Governor in January?
‘Bag is that really a thing?’
Very popular now. ‘Low T’ is all over the ‘ED’ advertising space. Add muscle, lose fat, zero effort.
Check out Carrot Top too. He’s definitely on something.
Yeah…that’s really him. Saw him about a year ago at half the size. He is one of the funniest people alive. Though, he definitely has demons.
http://tinyurl.com/muscles-in-a-tube
Juice, get the blood boy reference. Can’t wait for the show to start again. ehrlich is gone though….
On the vote MacArthur was a nea. Not a big deal, don’t forget as a courtesy the party will release a congressman to vote against the party once the vote is in the bag to help him in his district. Even to the extent of changing his vote before the vote closes. We’ll see where it goes.
Miami Dolphins
https://www.instagram.com/p/BamTZ1DDHaE/?taken-by=lacesoutshow
Watch CNBC’s Andrew Ross Sorkin interview a lifelike robot
https://www.cnbc.com/video/2017/10/25/watch-cnbcs-andrew-ross-sorkin-interview-a-lifelike-robot-named-sophia.html
Lib – Thanks for the travelogue this morning. I had no idea that they built the NLR out to Bloomfield. I was using aerial maps to check out the route.
https://twitter.com/PhotonFluxCA/status/791861014098743296/photo/1
With nearly half a million people commuting from NJ to NY every day, you would think there would be a better solution than the current options available in North Jersey. Like a conveyor belt.
The only significance of the dossier at this point is to vindicate the belief that there is a progressive alliance among the DNC, media and other special interests. They took the dossier and ran with it meanwhile concocting a baseless conspiracy.
Otherwise it proves nothing new. The DNC is rotton to the core, and Clintons are already known liars.
The real story is the uranium on bribes and cover up. The perp walk will be sensational. An ex pres, ex attorney general, ex FBI director potentially in jail.
In hindsight, the Comey memo to congress looks like a panic move. He must have known the real polls had closed to within striking distance with a week or so to go and he wanted to look unbiased in some way.
This will be political fodder for years until this all comes out.
Re: “The real story is the uranium on bribes and cover up. The perp walk will be sensational. An ex pres, ex attorney general, ex FBI director potentially in jail.”
Never going to happen….
When that peepee dossier came out and all of my liberal friends were making jokes up about it on social media, I did try to tell them all that it was most likely bullsh1t. How foolish do they look now. Unhinged.
I agree. There will be no perp walk.
They have everything on the internet.
NLR vid:
https://www.youtube.com/watch?v=wW5m0uGCEh8
1:09 do the Elon Musk shoot you through a tube thing….
I’m fascinated with the amount of information both real and imagined and it’s ability to sway voters. Once an issue takes hold — watch out. I say that with optimism and some caution…..
on SALT deduction elimination
Don’t Believe False Reports That Say Eliminating the SALT Deduction Would Cost The Average Taxpayer Tens of Thousands of Dollars
https://savejersey.com/2017/10/salt-deduction-property-taxes-new-jersey/
“For most taxpayers, doubling the standard deduction and lowering marginal rates — as called for in both the president’s and Republicans’ tax reform plans — would make most taxpayers better off than they are with the state and local tax deduction.”
Who said anything about tens of thousands of dollars?
I’m not even going to read the article because I already know it’s a load of crap.
Shocker, it from the republican press.
Keep in mind, I’m still a registered republican.
Holy f*ck that’s a steaming pile of bullshit.
Really, what’s happening is that the higher federal taxes paid by workers in low-tax states help fill the coffers of high-tax state and local governments, and help buffer the pocketbooks of wealthy individuals in those high-tax states.
By the way, businesses can still deduct f*cking golf tee times as entertainment expenses, no problem.
How about we just wholesale eliminate the deductibility of golf tee times and entertainment expenses by businesses?
That’ll surely make up gap without having to double tax the public.
How about we close up that little loophole?
‘Who said anything about tens of thousands of dollars?’
An actual example of begging the question. So rare to see nowadays.
RIF day at work. Fun stuff.
Bag I would think shooting yourself full of testosterone can’t be good.
re: “shooting yourself full of testosterone?”
No shots needed just rub it on…..just not downstairs.
Side effects. Go through puberty again in the forties/fifties. Voice gets deeper, started growing all kinds of body hair, and harmless stuff like morning wood, wood in church, wood in supermarket etc LOL!!!!!
“Really, what’s happening is that the higher federal taxes paid by workers in low-tax states help fill the coffers of high-tax state and local governments, and help buffer the pocketbooks of wealthy individuals in those high-tax states.”
Actually, he kind of nailed it.
Here we go:
Two households, earning exactly the same amount. Only difference between the tax returns is SALT. All other variables the same. Give them each $300k of annual income, and each a $900k home.
One person is in a high tax state like NJ, other person is in TN.
The NJ resident would pay about $17k in State income taxes and, let’s say, about $18k in real estate taxes. Total SALT equals $35k.
The TN resident pays zero in State income taxes and about $9k in real estate taxes. Total SALT $9k.
At the Federal level the NJ resident will pay $10k less in federal taxes or, if you prefer, the TN resident will pay $10k more (SALT difference of $26k times the 39.6% marginal Fed rate).
So what is the outcome?
NJ resident has $10k more in after tax income than TN resident.
NJ State takes $17k more in taxes than TN State.
TN State and TN resident each has less than NJ State and NJ resident, despite having lower taxes.
Seems to me TN and TN resident are subsidizing NJ and NJ resident. What else would you call it?
It’s hilarious…no state tax deduction, no re tax deduction and no personal exemptions… one deduction…sound a lot like amt. hum…
I guess they have to pass it to see the details…
Who can attest to any positive effects from testosterone?
Does Don T need T-reduction?
Pharma Industry Business Development (clot Edition):
https://www.bloomberg.com/news/articles/2017-10-26/insys-therapeutics-founder-charged-in-opioid-fraud-case
Taxed
Or a progression to a flat tax :)
Juice: I am getting an education here! Rub on testerone who knew!!
Yep AndroGel just don’t complain if you get b**** tit$s
or raisins in your sac
You are nuts….so you are now taking the position that nj pays less in taxes than low cost states? How many times have I heard you and others claim nj is overtaxed compared to the rest of the country? So which is it?
“So what is the outcome?
NJ resident has $10k more in after tax income than TN resident.
NJ State takes $17k more in taxes than TN State.
TN State and TN resident each has less than NJ State and NJ resident, despite having lower taxes.
Seems to me TN and TN resident are subsidizing NJ and NJ resident. What else would you call it?“
Federal tax revenue per capita on a state level, NJ pays nearly twice what TN residents pay.
Not only are we paying a net higher per capita amount, we are paying a greater percentage of state GDP.
The problem is your example is not at all representative.
I’m from flyover states. Always baffled me how the schools worked with such low taxes. Then you realize Illinois owes everyone money.
The difference is staggering. TN pays something like $9000 per capita in federal taxes where NJ is north of $17,000.
This is PER CAPITA.
By the way, this is WITH THE DEDUCTION.
It will increase even further now in NJ and TN will likely drop. The gap could push greater than $10,000 per capita.
No wonder all the middle states love this.
The opiod thing is going to get way worse before better.
The “legal” industry part is now being investigated.
The illegal side will continue as always.
The illegal side has the heroin issue, as it has always has been and now bigger because the “legal” pills. The illegal sell side has discovered cheap fentanyl/carfentanil from China. The street junky has also developed a “like” for some fentanyl.
Fentanyl gives you the high/analgesia like of heroin, but no nodding off. In medicine , you give fentanyl and a hypnotic like versed or propofol to patient to become unconscious for a procedure.
However, high enough level of fentanyl that causes unconsciousness is also the area where “wooden chest syndrome” develops. Is a syndrome where all the chest muscle contract and remain so (think a continual cough where you can’t relax to breathe), causing initial sky high blood pressures and inter-cranial pressures, followed by cardiovascular collapse.
So the usual 2mg dose of narcan does not work on something like this, many time 12-16mg are required. So what is truly required is rescue breathing for the junkie and very likely CPR. (BCLS/ACLS).
How many people are actually going to do rescue breathing or full CPR on a junkie that likely has Hepatitis A/B/C and even if you rescue him, likely will be dead because of lifestyle in a few years?
Finally, Carfentanil. It has no human use. Was created to take down an elephant within seconds. This one has made several appearances, first time in Ohio. Many OD within hours.
Grim, I agree on a per capita basis NJ taxpayers pay more than TN. They earn more per capita. Our tax system is progressive. No surprise there on per capita tax results.
The article’s point is still valid. For a given personal gross income level taxpayers from low tax states are subsidizing high tax state taxpayers.
Again, I make the point that the aggregate amounts paid by all taxpayers in a State (NJ pays this much!) is irrelevant. States don’t pay taxes, individual taxpayers do. If the aggregate amount a State pays is important to someone (don’t know why it should be) open up your State to retirees and the poor. With a stroke of a pen NJ could radically change its Medicaid policies and NJ per capita taxes paid will plummet as will the amount “NJ” pays in the aggregate. The measures are irrelevant and the solution is “becoming West Virginia”, in the words of some of our less kind posters.
I understand taking these subsidies away hit close to home and affect people close to you. But the bottom line is this….you (meaning the collective taxpayers of NJ) have chosen a certain standard of living. Home rule, local police and fire forces, public servant pay and retirement policies, bespoke school districts, etc.
Someone has to pay for it.
So far, the citizens of NJ want these premiere services but only with a 39.6% discount. That discount is going away. Simple question. Do you still want these services at full price?
If nothing else now that an individual in NJ will have to pay full fare for these services maybe – just maybe – there will be actionable anger with some of the worst excesses at the State and local levels that everyone likes to complain about but with the 39.6% discount seem content to accept.
Lefty,
You are the worse type of person. Please go live in the red states you love so much. This law has been in place since 1913, and you feel it’s justified to now pull the rug out from under the feet from the people who use this. You are sick.
You are the same type that defends corporations and individuals making lots of money and paying no taxes on it by getting creative with tax law, and in the same vain you believe nj should pay a bigger share because they make more money and use more services.
You just love picking and choosing winners. You defend your boys raping of the tax system, but want to stick it to hardworking nj families that put this country on their back. You clearly hate nj.
The only significance of the dossier at this point is weather the contents are true or not and that will come out in the indictments. Who paid for it is not the point. If its true, throw the book. Due Diligence and Due Process. That applies to both sides. If Hillary, Bill or Bob or We1ner, doesn’t matter?
If it turns out to be false, fine drop it. Time to let Benghazi go!
Lefty,
Why are you against high taxes on people that make a million or more a year? Heard you say many times that you are against that. So how do you take this position below based on that same position. The ultra wealthy use more services than anyone in this country. Their businesses and investments beat up our infrastructure on a daily basis. Why should we pay for it? Why don’t they pay more to cover the cost that comes with their profit? They pollute and then leave the local taxpayer with the bill along with the health costs associated with said pollution.
“I understand taking these subsidies away hit close to home and affect people close to you. But the bottom line is this….you (meaning the collective taxpayers of NJ) have chosen a certain standard of living. Home rule, local police and fire forces, public servant pay and retirement policies, bespoke school districts, etc.
Someone has to pay for it.
So far, the citizens of NJ want these premiere services but only with a 39.6% discount. That discount is going away. Simple question. Do you still want these services at full price?
If nothing else now that an individual in NJ will have to pay full fare for these services maybe – just maybe – there will be actionable anger with some of the worst excesses at the State and local levels that everyone likes to complain about but with the 39.6% discount seem content to accept.“
Your boy Christie let Exxon off the hook for billions in damage to this state. He let Trump off the hook for 30 million he owed this state. This is why I can’t stand your type. They want to give corporations/businesses an even bigger break than they already receive on the backs of blue state high earners. Talk about sticking it to the people you don’t like.
Our military is basically a big front for big business interest. Why don’t they pay the cost? Wtf do I need the military for? It’s not protecting me, it’s protecting the interests of the wealthy. Most countries don’t even have a military and their citizens are fine. So why exactly do I have to spend so much on the military?
So far, the citizens of NJ want these premiere services but only with a 39.6% discount. That discount is going away. Simple question. Do you still want these services at full price?
You assume that “services” are evenly distributed across states.
When Tennessee is getting $1.60 back in services from the Federal Government for every $1 that is paid.
NJ gets back only $0.48 in services from the Federal Government per dollar paid.
So who, exactly, is not paying for what they are receiving?
Please don’t tell me that you are buying into this nonsensical mind-fuck
So maybe Trump should pony up for the new tunnels, maybe some big airport expansions.
Pumps off your meds again?- Let’s see you need the military to PREVENT when possible and COUNTER when occurring a direct attack, terrorism, and unconventional warfare such as a cyber warfare or even an economic attack on your investments. Sure they don’t get all of them (9/11 for example) but they can and do adapt every day. Heck you being an FA and all should understand what would happen if they did manage to shut down NYC for an extended period and the effect on New Jersey Real Estate values never mind the world financial markets along with it.
What does Texas pay? What do they get back from the feds?
As far as I know every country has a military except Costa Rica. Unless one wants to include perhaps Andora or San Marino.
re: “new tunnels” – Agreed Christie was short sighted or just playing politics since the ARC tunnels would still not be open now at the end of his two terms…
“and maybe some big airport expansions”
Sure annex the land west. Three runways was never enough. Annex and buy up that neighborhood west of it up to Felinghuysen Ave, move Rt 9 there and put in a few more runways and modern terminals with lots and lots of mass transit.
grim – elections have consequences.
The difference is staggering. TN pays something like $9000 per capita in federal taxes where NJ is north of $17,000.
This is PER CAPITA.
I’m confused. If NJ mortgagors end up paying more net tax, doesn’t that just make the highway state more elite? Who wouldn’t want that?
Texas is a net taker, about $1.40 back for every dollar paid.
Wonder what Texas property taxes would be if they needed to actually pay their own way? Would probably surpass NJ.
Walkable towns:
https://www.boredpanda.com/this-one-is-actually-scary/
Bagholder,
“Beg the Question” does not mean what most people assumes it to be. It is not to ask the obvious question, the actual meaning is very different.
Grim,
“Keep in mind, I’m still a registered republican.”
From your buddies at Flounders. Notice a trend?
https://www.insidernj.com/press-release/new-jersey-brewers-association-announces-list-pro-brewery-legislators-candidates/
“RIF day at work. Fun stuff.”
Funny, had the same. Making the after work calls to check up on people.
Fair enough point. Don’t disagree. My point still is why am I stuck paying such a large bill for something that is really only protecting the interests of the ultra wealthy? Why don’t they put in more to the pot, since they are actually profiting off this military protection. Those terrorist attacks are a direct result of the actions of corporations using our military to push an agenda overseas. So now I’m stuck paying to protect myself from people I don’t even know, just because I’m associated with the corporate American relationship with our military.
Juice Box says:
October 26, 2017 at 8:06 pm
Pumps off your meds again?- Let’s see you need the military to PREVENT when possible and COUNTER when occurring a direct attack, terrorism, and unconventional warfare such as a cyber warfare or even an economic attack on your investments. Sure they don’t get all of them (9/11 for example) but they can and do adapt every day. Heck you being an FA and all should understand what would happen if they did manage to shut down NYC for an extended period and the effect on New Jersey Real Estate values never mind the world financial markets along with it.
http://www.politifact.com/california/article/2017/feb/14/does-california-give-more-it-gets-dc/
Mississippi had the highest ratio, receiving $2.57 in federal spending per dollar of taxes paid. New Jersey had the lowest, receiving just $0.77 per dollar.
Texas is a net taker, about $1.40 back for every dollar paid.
Don’t forget the Harvey Aid!
But I want them to secede and take all the tea partiers and 2nd Amenders with them. This was supposed to be the Win Win. They get their Gulch and I don’t have to listen to their BS.
But they’re takers after all?
Yes, almost every country has a military if that’s what you want to call it. No one comes close to what we spend. Why china is trying to follow in our footsteps is beyond me. It’s not like you can just go and invade countries anymore. So what is the point of an arms race from an economic standpoint based on limited resources. Much smarter to direct all resources towards an economic war as opposed to a physical one.
3b says:
October 26, 2017 at 8:16 pm
As far as I know every country has a military except Costa Rica. Unless one wants to include perhaps Andora or San Marino.
You are not totally wrong therePumps. But if China is going to spend so are we. Do we really want China as the dominant world super power?
Yeah. Lost an employee of 15 years. Close friend took. He’ll probably make same amount of money when he gets paid as a consultant when we need him during the peak.
“They have lower incomes so they pay less in taxes and, because they have lower incomes, they get more federal aid,” said Morgan Scarboro, a policy analyst at the Tax Foundation.
So why do so many of these states that benefit from the federal government produce conservative politicians who complain that the government is too big?
“There is this perception that so much money is being spent on things that don’t benefit them,” Williams said. “They ignore the things that do benefit them.”
Williams cited foreign aid as a favorite target, even though it makes up only 1% of the federal budget, if you count military assistance.
“People view the world as cut my taxes and cut his spending,” Williams said. “His spending is wasteful and my taxes are hurting me badly.”
That sums up how ignorant or shall I say STUPID people are. They are the ones benefiting from big govt, yet there are the ones obsessed with making it smaller. Dumba$$es!
Thought I’d chime into the gripefest..
Can’t believe I’m stuck between gaining on my marijuana investment play money and higher taxes…. how could something so simple get screwed up?
It’s early, but Sunday could be a flood the basement day.
http://tinyurl.com/wet-sunday-oh-my
Click on total precip.
Pass the bottle
Guys, again, your analysis is deeply flawed. It makes no sense. And, not that I personally care, it is not an argument you can win.
STATES do not pay or receive the tax moneys from the Feds. Individuals do.
The biggest components of Fed spending are Medicare, Medicaid, Social Security, food stamps, and unemployment. Account for 60% or so of total. Individual Fed income and employee payroll taxes make up about 70%. It’s a wash.
This is really simple. Individual fed taxes are a direct transfer from the wealthy – where ever they may live. To the underclass – where ever they may live.
Making it a STATE v STATE issue is non-sensical. States don’t pay income taxes to the Feds.
The statements below just simply do not make any sense. The States are not getting the money, individuals are. All the below says is that NJ is a state comprised of mostly wealthy individuals, and TN is not.
Do you understand a taxpayer in TN with the same gross income as a taxpayer in NJ is not only getting the same amount ‘taken’ from him as the NJ taxpayer, but more?
“When Tennessee is getting $1.60 back in services from the Federal Government for every $1 that is paid.
NJ gets back only $0.48 in services from the Federal Government per dollar paid.”
We need more insights like this in this theard.Thanks for sharing!
http://www.suzanne-voyance.com