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.
For taxpayers with total entire net income plus nonoperational income with New Jersey Nexus, greater than $50,000 and less than or equal to $100,000, the applicable tax rate for entire net income that is subject to federal corporate taxation is 7.50% (.075).