Seth Kamens, Managing Member, was recently featured in NJ.com and on the NJMoneyHelp.com personal finance portal.
The article, “It’s a Great Time to be Rich in N.J. Here’s Why,” was written by personal finance reporter, Karin Price-Mueller.
Kamens discussed The Big Beautiful Bill Act. The bill is controversial, critics claim it will harm lower-income taxpayers, while its supporters claim the tax cuts benefit everyone. Muller concludes that the big winners for this bill in New Jersey will be those earning between $250,000 and $500,000.
The article continues into specific tax cuts that the Big Beautiful Bill will or won’t provide, including; property tax, inheritance relief, help for parents, and breaks for business owners.
Kamens explained, “The people at the lower end will get hurt.” The richest 10% of Americans would receive benefits worth 2.3% of their income, while the poorest 10% would lose benefits worth 3.9% of their income, according to the nonpartisan Congressional Budget Office.
To read the article in its entirety, please click here: https://bit.ly/4gBELk6
ABOUT SETH KAMENS:
Seth Kamens is the Managing Member of Kamens & Associates, and a New Jersey and New York Certified Public Accountant. His education and work experience in financial services, accounting and entrepreneurial endeavors uniquely qualifies him as an ideal resource for closely held businesses, startups, and established firms.
As a CPA and former financial advisor, Seth brings a powerful and diverse background to help clients achieve both their short-term and long-term financial goals.
Always interested in promoting the industry, Seth has spoken about CPA and entrepreneurship to students at St. Peters College, Jersey City, NJ.
Prior to starting Kamens & Associates, Seth worked at several well-known New York City firms, such as Morgan Stanley, Merrill Lynch, Deloitte, and Cohn, with an accentuation on tax and financial planning. He holds an MS in Accounting from Pace University, an MBA from George Washington University with a joint focus in Finance and International Business, and a BA from the University of Maryland.
ABOUT NJ.COM:
NJ.com is the source for news and information about New Jersey and its communities – delivered by, for and about New Jerseyans. Their newsroom places an emphasis on local news—what’s happening in New Jersey’s city halls, schools and streets—as well as politics, high school sports and the pro teams that matter most to New Jerseyans.
ABOUT NJMONEYHELP.COM:
NJMoneyHelp.com is a personal finance web site that takes questions about money from New Jersey readers. The site offers a special section called Viewpoints, which are posts written by those in the industry, and they spotlight an issue that’s important for potential clients — our readers.