Tag: Bonds

Exclusive on NJ budget: Baby bonds are out, these taxes are in. What made lawmakers’ plan – News – New Jersey Herald

By Stacey Barchenger

New Jersey lawmakers are expected to introduce a spending plan Monday that includes higher taxes on millionaires, corporations and some health insurers, but that omits many fees and tax increases proposed by Gov. Phil Murphy.

The budget bill maps state spending for the nine-month fiscal year beginning Oct. 1.

The bills haven’t yet been made public and more details are expected when lawmakers introduce and vote on the bills this week, but here’s what the USA TODAY NETWORK New Jersey has learned from lawmakers so far.

Tax increases

Three tax and fee increases proposed by Murphy are in the plan, according to Senate President Stephen Sweeney, D-Gloucester, and legislative staff.

Those include increasing the HMO assessment on net written premiums, which Murphy predicted would create $103 million in new revenue, and freezing the corporate business tax rate at 2.5%, which would bring in $210 million this fiscal

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Forget the National Lottery and Premium Bonds. I’d buy cheap UK shares to get rich

Buying cheap UK shares may not seem to be a sound means of generating high returns after the 2020 market crash. However, the low prices of high-quality businesses could mean they produce impressive capital growth in the coming years.

In fact, they are likely to be a better means of improving your financial situation compared to Premium Bonds or the National Lottery. As such, now could be the right time to build a portfolio of FTSE 100 and FTSE 250 shares to boost your financial outlook.

Low returns from Premium Bonds and the National Lottery

Of course, you may be dissuaded from buying UK shares as other options look superficially more attractive. The potential for Premium Bonds and the National Lottery to provide an instant win that dramatically changes your financial prospects is certainly appealing. However, the chances of them doing so are, unfortunately, extremely low. For example, the odds

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