- "The Farmland Assessment Act of 1964, intended to preserve agriculture in New Jersey, is being used by millionaires, developers and anyone with at least five acres to slash their farmland tax bills by 98 percent....The so-called fake farmers are likely costing local governments at least $82 million a year in lost property tax revenues, according to the Press’ analysis of 3 million property and tax records....The rolls of those with farm-assessed land in New Jersey read like a who’s who in the world of high finance, business and entertainment."
- "Through a trust, Bruce Springsteen owns more than 200 acres in Colts Neck. The taxes for his house and three acres are more than $138,000. But because of the farm tax break, the tax bill on a little more than 200 additional acres is less than $5,000. Town officials say he has horses and an organic farmer working some of the land."
"In an elite group with U2 and The Rolling Stones, Springsteen is the third highest grossing musical act in the world" (Rock Stars Transitioned – Part 2). Mullane's article was occasioned by Springsteen's recent letter to the Asbury Park Press, in which Springsteen spoke of "the contradictions between a policy of large tax cuts, on the one hand, and cuts in services to those in the most dire conditions, on the other."
In light of "large tax cuts" and "cuts in services," Mullane challenges Springsteen on his aforementioned tax shelter: "where does an economic genius like The Boss think New Jersey is going to get the money to pay for social programs?"