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.
(3) The tax rate is 9% (.09) of entire net income that is subject to Federal income taxation or such portion thereof as may be allocable. to New Jersey. For a taxpayer that has entire income of $100,000 or less, the tax rate is 7.5% (.075) and if the entire income is. $50,000 or less, the tax rate is 6.5% (.065). (4) The tax rate on the net pro rata share of the S Corporation income allocated to New Jersey for the nonconsenting shareholders is. 8.97%.