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New Jersey vs. Delaware: $7,800 More in Property Tax & Yes a Sales Tax | Side by Side Ep. 3

NJ Assembly GOP

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New Jersey vs. Delaware: $7,800 More in Property Tax & Yes a Sales Tax | Side by Side Ep. 3

6 882 просмотра · 6 дней назад
NJ Assembly GOP
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6 882 просмотра · 6 дней назад
Assemblyman Antwan McClellan — who represents the tip of New Jersey right across the bay from Delaware — puts them side by side. 📊 THE OVERALL PICTURE NJ cost of living: 18.5% higher than Delaware. Delaware isn't unusually cheap — its cost of living is almost exactly the national average. New Jersey ranks 46th in the country for affordability. 💸 WHERE THE EXTRA MONEY GOES Groceries: NJ 6% more Utilities: NJ 9% more Transportation: NJ 7% more Health care: NJ 13% more Housing: NJ 46% more 🏠 HOME PRICES Delaware median: $352,000 New Jersey median: $454,000 Difference: $102,000 more in NJ 🏠 PROPERTY TAXES Delaware median annual bill: under $1,800 New Jersey median annual bill: over $9,500 That's more than five times Delaware's. That's nearly $7,800 more every year. 10 years: $78,000 more. 20 years: $156,000 more. And that's assuming your taxes never go up. 💰 YES, NJ EARNS MORE Delaware median household income: ~$85,000 New Jersey median household income: ~$104,000 Difference: ~$19,000 more in NJ But look at what you're paying to live here. 🛒 SALES TAX Delaware: 0% — one of only five states in America New Jersey: 6.625% on most purchases A new Honda CR-V at $37,000: New Jersey sales tax: ~$2,450 Delaware sales tax: $0 The Tanger Outlets in Rehoboth Beach — right across the bay from McClellan's district — is one of the most successful outlet centers on the East Coast. A lot of those cars in the parking lot have New Jersey plates. People are already voting with their gas tanks and their ferry tickets. 👴 RETIREES Social Security income in Delaware: fully exempt for anyone 60 or older. No threshold. Pension income: exempt up to $12,500/year. New Jersey was just named the worst state in America to retire — for the second year in a row. Dead last. 🏢 BUSINESS NJ just passed a record $60.75B budget with $800M in new taxes. NJ corporate tax rate: 11.5% — highest in America. Delaware: no corporate income tax for companies incorporated there — which is why 68% of Fortune 500 companies choose Delaware. One state is attracting business. One state is watching it leave. The Cape May-Lewes Ferry runs from McClellan's district to Delaware in 85 minutes. $7,800 more every year in property taxes alone. No sales tax across the bay. Housing costs 46% higher. That's not a talking point. That's a ferry ticket. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ CHAPTERS: 0:00 — Introduction 0:12 — The Overall Cost of Living Gap 0:42 — Housing & Property Taxes 1:28 — The Income Question 1:52 — Sales Tax & the Tanger Outlets 2:34 — Retirees 2:59 — Business Climate 3:22 — The Ferry Ticket Closing ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📺 ALSO ON THIS CHANNEL 🎬 The People Behind the Politics "I Know Every Politician Says That. But I Live It." | Antwan McClellan:    • "I Know Every Politician Says That. But I ...   🎬 Side by Side Ep. 2 — Assemblyman Paul Kanitra New Jersey vs. Pennsylvania: $7,145 More Every Year:    • New Jersey vs. Pennsylvania: $7,145 More E...   🎬 Side by Side Ep. 1 — Assemblyman Mike Inganamort New Jersey vs. Florida: What You're Really Paying in Taxes:    • New Jersey vs. Florida: What You're Really...   🎬 The Rundown Ep. 6 — Assemblywoman Vicky Flynn Sherrill's Team Skips Congress, LG Probe Nears End & Pre-Holiday Layoffs:    • Sherrill's Team Skips Congress, LG Probe N...   🎬 The Rundown Ep. 5 — Assemblywoman Dawn Fantasia Sherrill's Week From Hell: Lt. Gov. Probe, Voter Fraud & Another Fortune 500 Gone:    • Sherrill's Week From Hell: Lt. Gov. Probe,...   🎬 What They're Not Telling You Ep. 3 Assemblywoman Dawn Fantasia — The Senior Relief Bait-and-Switch — 38K views:    • What Happened to the Promise They Made to ...   🎬 What They're Not Telling You Ep. 1 Assemblywoman Vicky Flynn — NJ Voter Registration Scandal — 182K views:    • What They're Not Telling You...NJ's Voter ...   🎬 The Wild West Never Showed Up Assemblyman Greg Myhre — NJ Guns & Bruen:    • NJ Armed 57,000 Citizens. Crime Went Down....   The Rundown returns October 2nd. Subscribe so you don't miss it. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🔗 LINKS & SOURCES 📊 Cost of Living Index — NJ vs. Delaware: https://meric.mo.gov/data/cost-living... 📊 NJ Property Tax Rankings: https://wallethub.com/edu/states-with... 📊 CareScout — Worst State to Retire 2026: https://www.carescout.com/resources/b... 📊 Delaware 529 & Retirement Tax Info: https://blackshirewealth.com/blog/ret... 🌐 All Press Releases: njassemblygop.com ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Follow us: Facebook: facebook.com/NJAssemblyGOP X: x.com/NJAssemblyGOP Instagram: @NJAssemblyGOP TikTok: @NJAssemblyGOP #NewJersey #Delaware #SideBySide #NJTaxes #PropertyTax #CostOfLiving #AssemblyRepublicans #NJPolitics #CapeMayLewes #NJvsDelaware #Affordability