Wednesday, February 12, 2025

New Jersey Budget

While the majority Republican Congress plays with the federal budget and a rouge citizen named Musk eyes the USA Treasury, there are other ways to improve any shortfall. 

States can always look to their tourist dollars to find new state taxes. This is somewhat unkind to tourists, but, better to exact taxes to meet a shortfall than sacrifice opportunities.

This goes back many, many years, but, a vacation to Nova Scotia meant playing 17 percent luxury tax to vacation stays at beautiful hotels. Would not have changed a thing and incorporated the anticipated tax with the vacation plans. If tourists can carry out some business on their trip with the family it becomes deductible on their taxes.

When traveling it is best to know the entire itinerary cost before booking it. Disney resorts do a marvelous job of creating “all inclusive packages” so there is no stress and families are at ease with their decision to trust Disney for rest, relaxation, and kid friendly fun.

International travelers especially should know up front the cost of things including taxes so their departure home is a happy one.

Good luck.