From NJ.com:
NJ ‘mansion tax’ rates increase under new bill, now are paid by property sellers
Multimillion-dollar home sales in the Garden State will be subject to higher fees under the New Jersey mansion tax as part of a new bill that was passed in tandem with the state’s $58.78 million fiscal year 2026 budget.
The mansion tax, formally referred to as the “Assessment on Real Property Greater than $1 million” or “Additional Fees on Certain Transfers of Real Property Over $1 Million,” was originally signed into law in 2004 by then-Gov. Jim McGreevey.
The tax has historically charged homebuyers — unless negotiated to be paid by the seller — of properties worth $1 million or more a 1% supplemental realty transfer fee at the time of closing.
Taking effect on July 10, this new bill shifts the burden of the mansion tax, as well as the state’s controlling interest transfer tax for commercial properties, from property buyers to sellers.
It also maintains the original 1% fee for home sales worth $1 million to $2 million, but now also implements higher fees for increasingly expensive properties. This starts with a 2% fee for home sales worth $2 million to $2.5 million and increases by half a percentage point for every $500,000 more, topping out at 3.5% for property sales of more than $3.5 million.
Not sure it matters, as sellers are simply going to increase prices to compensate.
1st
I was hanging out with some friends last night. One of the guys has been with this large bank for 12 years and given the garden leave. 4 months severance. He will be fine.. has good savings and inheritance and all. He is around 50… doubt he can get a similar job at another bank. Dude has not started looking yet.
This is not a joke. Real.
https://x.com/ZohranKMamdani/status/1872772579146252520?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1872772579146252520%7Ctwgr%5Ef6fe809aa96ebc28c2b88271d8f51f6a56864795%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fnypost.com%2F2025%2F07%2F06%2Fus-news%2Fmamdani-shared-sick-video-mocking-hannukah-advocacy-group%2F
Elmo Ketamine just announced his America Party to promote his Techno-Feudalism Dark Enlightenment worldview to be executed by the best nerds the meritocracy can find and all with zero empathy.
Questions are:
-Do the presently out of influence Country Club Corporate Republicans (Bushes,etc) and the Corporate Faux Libertarians (Kochs, etc) join him as they all have in common the idea that Billionaires should pay no taxes or be restrained at all by government? Or do they fear King OrangeTurd The BankruptcyGenerator?
-Do Corporate Democrats (Clintonites,etc) join him as they have many of the same elitist screw the needy views and they are out of influence and losing whatever power they had in the Democratic machine.
-At what point past a big failure event or death of King OrangeTurd The BankruptcyGenerator do MAGA starts fraticide?
-At what point the lower socioeconomic 25% that are getting screwed by all of the above, put the heft into organize crime Cartels like South of the Border?
-When does Elmo Ketamine’s citizenship gets stripped and he gets deported? And will he move Tesla and SpaceX out of the USA into Canada? China? South Africa?
-And how soon will the Bond Vigilantes throw a hissy fit about the BBB’s debt creation?
1:51- here’s another question: will Elon’s America Party pull more voting republicans or democrats.
Mr. Sheinkopf, 75, describes those “kids” as “white and not poor, but middle-to-high income.” He calls them “the most pampered generation in the history of the world” and says they have “eaten more regularly than any other generation. They’ve never had a tough day.” True, “they can’t buy an apartment,” he says. “I’m sorry they can’t buy an apartment. But they can buy a $9 latte, and a $100 dinner.”
Mr. Mamdani is “also the face of the end of the Democratic Party as we know it,” Mr. Sheinkopf says. The party “no longer has an enforcement mechanism. It used to be the unions who would tell people what to do, but they don’t have the numbers anymore. And the public-sector unions are moving to the left in order to survive.”
The Democratic Party has become “a group of clans that come together every two or four years, for a particular purpose, but have nothing in common beyond that,” he says. What binds the party together “is not ideology, but individual concerns”—grievances—“be it gay or trans or affirmative action or pro-choice. There’s no overriding principle. That’s why they’re in decline. They don’t have a set of crossover arguments,” merely “the notion of social justice—defined in a very strange way that includes the hatred of Israel.”
Most of this is correct. But the old man did not finish his sentence.
“ defined in a very strange way that includes the hatred of Israel’s genocide of Palestinians”.
^Fixed it.
It’s amazing to me how many Americans care about what goes on in other countries, but just some other countries. The same issues could be happening on other continents… zero care.
4:11 – Two things can be true and I agree with this.
So true that Harris lost because the muslim bloc abstained from voting for Harris because of whats happening in Gaza. And overall, more voted for Trump (21.4 % vs 20.3% Harris).
So yea, we have Trump because of what is happening in this postage sized stamp region of Gaza.
OMG its Voldermort!
https://x.com/SaveUSAKitty/status/1941867276950438053
Mr. Japan
🤣🤣🤣
Nebraska MAGA, FAFO,
https://www.threads.com/@jaymerritt1958/post/DLXeJtNvcKE/media?xmt=AQF0IUg7vDAw0F1zC1gg754dYz5yY3jVxX3yITJW2_OrvQ
Wow, this is serious and could repeat in multiple states. Are we going to bail out all the red states now?
The top comment is funny:
Nebraska needs to get a second job, stop with the Starbucks coffee and avocado toast and pull itself up by its bootstraps.
America party.
Sounds good. I’ll vote for it no matter what. Anything to try and remove the current parasites that are there now.
Nebraska needs a handout.
Texas now wants a handout.
What happened to fiscal responsibility?
Are these states turning socialist?
Apparently , Toms River needs a bail out too. So much winning. I can’t take it. Hey is that war over in Russia? I thought there’s some sort of 24 hour deal?
Toms River Regional School District says it plans to file for bankruptcy.
Looking like both CFM56’s ain’t spooling up too well.
Trump 1.0 happened because Obama snubbed him ( some MAGA folks here have still not gotten over that snub)
Elon’s party may happen because T 2.0 snubbed Elon.
A lot of things seem to repeat in history… including Nazi Germany.
Ryan Grim @ryangrim
I could not possibly be filled with more rage after seeing Texas Republicans blame the National Weather Service forecast for the unspeakable tragedy that hit the girls camp.
You were warned this would happen if you fired everyone!
https://x.com/ryangrim/status/1941486163216433344
Matter of time before Biden and DEI are blamed.
The Party of Personal Responsibility
Why don’t they just get some of them bootstraps?
TACO
Bootstraps are tariffed at 140 percent.
hughesrep says:
July 7, 2025 at 5:38 am
The Party of Personal Responsibility
Why don’t they just get some of them bootstraps?