Assemblyman Gary Chiusano, how about a net asset tax on the very rich?

Assemblyman Gary Chiusano
115 Demarest Rd. - suite 2B
Sparta, NJ 078


Dear Assemblyman Gary Chiusano,

Greetings on this glorious day! I hope you and the loved ones are in good health! Good health is such a blessing from the good Lord, our Creator Lord! Please remember that we humans are more than flesh and blood. Also, please remember that we humans are created by our Creator Lord, in His image, with inalienable rights! I am writing to you about the New Jersey Gasoline Tax, and on increasing the aid to the disabled in the State Budget, and on instituting a net asset tax on wealthy individuals, businesses, and organizations. Funds would be raised by instituting a net asset tax so that the NJ Gasoline Tax could be eliminated, and the State Budget could be modified so that more help would go those that are disabled. The net asset tax on wealthy individuals could be as follows: There would be a standard deduction for oneself of $5.5 million, and a $5.5 million deduction for one's spouse, and there would be a $1.65 million deduction for each dependent under 19 years of age living at home. Only those individuals with net assets, after deductions, of $35 million would owe any taxes the first year the tax was instituted. More features of the tax would be that the tax would expire after nine years, and after each year all deductions would increase by 33% automatically.

Net Assets (millions of $'s) - - - / - - Tax
35 - 126 - - - - - - - - .5% (half a percent)
126 - 453.6 - - - - - $455,000 plus 1% over $126 million
over 453.6 - - - - $3,731,000 plus 1.25% over $453.6 million

For the net asset tax on wealthy businesses and organizations there would be a standard deduction of $92 million, plus $179,000 per employee deduction. Also, all pension assets would be deductible. The net asset tax on wealthy businesses and organizations would look something like:
Net Assets (millions of $'s) - - -/ - - -Tax
252 - 907.2 - - - - - .5% (half a percent)
907.2 - 3,265.92 - - $3.276 million plus 1% over $907.2 million
over 3,265.92 - - $26,863,200 plus 1.25% over $3,265.92 million

The Holy Scriptures tell us about how we are created by our Creator Lord, and how we should value life, and how we should protect and support life, and how we should help the poor and the needy, and how our Creator Lord loves us so much that He sent His only begotten Son into this world to die for us sinners so that we might have eternal life! The Holy Scriptures are pure, perfect, powerful, profitable for doctrine, and cannot be broken!

I urge you to support a net asset tax on wealthy individuals, businesses, and organizations, and to eliminate the NJ Gasoline Tax, and increase the funding to the disabled in the State Budget. Thank you for your time and consideration. May the good Lord bless you and the loves ones greatly, and grant you much wisdom also!

Sincerely,



Ken Miller
Main St. Rm. 103
still one of the working poor - if only in spirit *
A concerned citizen


* the retirement savings account is around $547 - when is one no longer poor?

Love one another. Love is the fulfilling of the Law.

We love, because He first loved us.