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Thread: Fair, No way

  1. #1
    Olympic Champ RYou's Avatar
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    Default Fair, No way

    Hard up for cash, NJ just upped the taxes on wine and liquor 25%, but not beer, among many other things, and....will now tax lottery winnings. Okay, more new taxes, but unlike that on wine and liquor, the tax on lottery winnings is retro active to Jan 1.

    Why? I suppose they didn't want to let the winnings of two big Mega Mil winners escape the state coffers. Those winners now have to retroactively ante up 10.5% of the purse, more than $15 million in total.

    It's downright criminal what these lawmakers are getting away with. For the extra taxes to be paid, I would fight it all the way to the SC. How can anything be enacted retroactively to one's detriment?
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  2. #2
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    Default Re: Fair, No way

    The so-called "free market" or libertarian response to your complaint would be to move to a different state. But that would be leaving out some considerations.

    The retroactivity of the tax sounds suspect. We have that prohibition against ex post facto laws in the Constitution, but I'm not sure that applies to taxation. Nonetheless, it seems unfair for the same reasons.

  3. #3
    Olympic Champ RYou's Avatar
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    Default Re: Fair, No way

    Quote Originally Posted by matclone View Post
    The so-called "free market" or libertarian response to your complaint would be to move to a different state. But that would be leaving out some considerations.

    The retroactivity of the tax sounds suspect. We have that prohibition against ex post facto laws in the Constitution, but I'm not sure that applies to taxation. Nonetheless, it seems unfair for the same reasons.
    Gotcha there too. If you pick up, leave the state and establish your primary residence in another state...............there's an extra 5% tax on the sale of your residence.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  4. #4
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    Default Re: Fair, No way

    Chuckle. Looks like they got you whether you're coming or going.

  5. #5
    Olympic Champ RYou's Avatar
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    Default Re: Fair, No way

    Quote Originally Posted by matclone View Post
    Chuckle. Looks like they got you whether you're coming or going.
    One would be smart not to come...

    PS that's 5% of the value, not your gain...
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  6. #6
    World Champ ODH's Avatar
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    Default Re: Fair, No way

    Quote Originally Posted by matclone View Post
    The so-called "free market" or libertarian response to your complaint would be to move to a different state. But that would be leaving out some considerations.

    The retroactivity of the tax sounds suspect. We have that prohibition against ex post facto laws in the Constitution, but I'm not sure that applies to taxation. Nonetheless, it seems unfair for the same reasons.
    Ex post facto applies only to criminal law.

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