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New Jersey Taxing Investment Clubs
Dear Club Members in New Jersey,
 
Please be advised that our State Government intends to vote on a Bills s-1770 or S-1773 which would impose a $150 per individual tax on members that have $25,000 in there club.
 
My self and about 20 nj Club Members were at the Appropriations meeting last Thursday and had we not been there they would have probably pushed it to the next step which is a Senate vote.
 
After 4 of us were allowed to address them they voted unnanimously to re-look at it. They dis and lowered the amount per individual to $25,000 from $50,000.
 
Senator Singer and Senator Bark are trying to exempt Clubs.
 
We need your help. If you don't voice your opposition to this bill I am afraid we will be taxed higher and higher until it won't benefit us to be members of a club.
 
The following is a website where you can find out who your Senator is:
www.njleg.state,nj.us/
 
Please take the time to write them.
 
My name is Ted Mechnick
Pres. NJ Model Club
 
Email Trok415@aol.com
 
Thank you in Advance