The late 1860s and 1870s were a period of breakneck railroad construction and consolidation. Although it is commonplace to dwell on the completion of a transcontinental rail line in 1869, the extensive reconstruction and expansion of southern railroads destroyed during the Civil War was of equal importance.
Originally Posted by snopes. Comment: there is this rumor that keeps circulating around Monmouth county. New Jersey, that when selling your house and relocating out of state, that. you have to pay a New Jersey Exit Tax-up to 1% of the sell price....what.
Like the federal estate tax law, the New Jersey estate tax law allows an unlimited marital deduction for assets left to a spouse. However, the New Jersey estate tax is $33,200 on $1 million left to non-spouse heirs, $66,400 on $1.5 million, and $99,600 on $2 million. The top rate reaches 16%.