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NJ residents hoping to avoid "Tase for Taxes"

NJ residents hoping to avoid "Tase for Taxes"

New Jersey officials have expressed surprise at the amount of past-due taxes being collected by gangs of teens, out-of-work bouncers and senior citizens armed with Tasers.

The collection program, dubbed “Tase for Taxes,” has brought in so much money - more than $800 million so far - that legislators are hastily adding pet projects back in the state budget that already includes a museum documenting the rise of malls in New Jersey and a bridge connecting Trenton to Atlantic City.

Gov. Jon Corzine said he came up with the idea while watching reruns of The Sopranos with Senate President Richard Codey. The two, who had been discussing ways to collect billions in unpaid state taxes, settled on recruiting under-employed segments of the community.

“With unemployment running much higher among disaffected youth, crotchety old people and beefy guys with felony records, we decided to tackle two problems at once,” Codey said. “It really is a win-win situation all around. Except for those who didn’t pay their taxes.”

Tax “collectors” receive 1 percent of whatever they bring in, although some said they were doing it for the sheer joy of a job well done.

“I haven’t had this much fun since 1978 when I hogtied that rat bastard neighborhood kid Donnie upside down in a tree for trampling through my flower bed,” 85-year-old Melvin Dobb said. “In fact, I think I may have tased him as part of this cockamamie tax program. Damn fool wet his pants, just like before. Where’s my Metamucil?”

One particularly industrious group of teens from Jersey City who took a bus to Morris County collected $850,000 from tax cheats in less than a week. “Our success was all about a good work ethic,” said one 18-year-old member of the gang. “Well, that and the threat of having 20 teenagers high on meth go ape shit on them.”

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The Irish headquarters of Wheeler Randco International

The Irish headquarters of Wheeler Randco International

Residents of seven Northern New Jersey counties tired of paying sky-high state taxes have created a new corporation and moved that company’s tax residency to Ireland.

Nearly 3 million people agreed to form Wheeler Randco International plc, an Irish incorporated entity that will be their parent company. The exercise allows residents of Bergen, Sussex, Somerset, Union, Morris and parts of Essex counties to takes advantage of a much lower tax structure in Dublin and forgo paying New Jersey taxes.

Participating residents not only will have all their income such as salaries and capital gains funneled through the Dublin corporation, they also have re-titled their New Jersey property — appraised at about $1 trillion — inside a Special Purpose Vehicle (an off-balance sheet division of the Irish company). To comply with strict Irish business regulations, they also must change their names.

“Oh, we’re not moving. We just finished renovating this old Victorian, after all,” said Ridgewood resident Martha Rabinowitz, who will soon be known as Molly O’Grady. “But we were tired of taking it up the you-know-what with state taxes. For $27,000 in property taxes, I expect the governor to come mow my lawn personally.”

Attorneys who specialize in incorporating businesses outside the U.S. for tax purposes say the maneuver by North Jersey residents is perfectly legal.

“We’ve been helping companies dodge taxes for years, so I wish I had thought of this sooner,” said tax attorney Ned Joliette, now general counsel for Wheeler Randco International. “It’s great news for a lot of folks, as long as they don’t work in Trenton and have to come up with a state budget next year. We’re thinking of sending a couple of trailers full of Depends down there, because they’re going to need them.”

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