HB 24-01: Small Business Tax Cut Act (Failed)

[S019]

Capping deductions is a bad idea, many hardworking families rely on these deductions, especially here in the Northeast, I will be very disappointed if this is passed, as written.

[S019]

Capping deductions is a bad idea, many hardworking families rely on these deductions, especially here in the Northeast, I will be very disappointed if this is passed, as written.

30,000 is a pretty large threshold though

The average deduction is above that in much of Northern New Jersey: https://patch.com/new-jersey/manasquan/report-says-trump-tax-cut-hurt-nj-heres-how

This bill is basically a declaration of economic warfare on much of the Northeast

[S019]

Capping deductions is a bad idea, many hardworking families rely on these deductions, especially here in the Northeast, I will be very disappointed if this is passed, as written.

30,000 is a pretty large threshold though

The average deduction is above that in much of Northern New Jersey: https://patch.com/new-jersey/manasquan/report-says-trump-tax-cut-hurt-nj-heres-how

This bill is basically a declaration of economic warfare on much of the Northeast

Hurting NJ is a good thing.

If said "hurting VA" was "a good thing," I'd be mocked and denounced, and rightfully so. New Jersey has as much of a right to exist as any other state. Honestly, though, the only state that I could see justifiably "hurting as a good thing" is AL, given the racism that's so prevalent and pervasive there.

[S019]

Capping deductions is a bad idea, many hardworking families rely on these deductions, especially here in the Northeast, I will be very disappointed if this is passed, as written.

30,000 is a pretty large threshold though

The average deduction is above that in much of Northern New Jersey: https://patch.com/new-jersey/manasquan/report-says-trump-tax-cut-hurt-nj-heres-how

This bill is basically a declaration of economic warfare on much of the Northeast

Hurting NJ is a good thing.

If said "hurting VA" was "a good thing," I'd be mocked and denounced, and rightfully so. New Jersey has as much of a right to exist as any other state. Honestly, though, the only state that I could see justifiably "hurting as a good thing" is AL, given the racism that's so prevalent and pervasive there.

No it doesn't.

Please explain how AL is better than NJ. (Since you think that states shouldn't exist, I'm puzzled when you didn't pick the worst one, that has lots of racism, still present)

[S019]

Please explain how AL is better than NJ.

It's in the South and not in Lincoln, that's how!

AL also has lots of racist people, and there are places in rural Alabama where people openly fly Confederate flags

[S019]

Capping deductions is a bad idea, many hardworking families rely on these deductions, especially here in the Northeast, I will be very disappointed if this is passed, as written.

30,000 is a pretty large threshold though

The average deduction is above that in much of Northern New Jersey: https://patch.com/new-jersey/manasquan/report-says-trump-tax-cut-hurt-nj-heres-how

This bill is basically a declaration of economic warfare on much of the Northeast

The $30,000 cap in this bill is far more generous than the $10,000 cap implemented as part of the TCJA, and far above the average pre-TCJA SALT-deduction in New Jersey (~$17,000).

It's still better to not have a cap, at all

[S019]

One thing I'm interested in regarding SALT is whether the in-game SALT includes regional taxes implicitly.

This was an issue I brought up a lot last year while I was DGM and encouraged some form of 'regionalization' of taxes so we wouldn't have to worry about the question of triple taxation and whatnot. Otherwise you have the situation where regions are assumed to be the in-game analog of states, yet the NPC states are assumed to still be operating largely as if the regions didn't exist.

The reason I bring this up is that if Lincoln's taxes are 'regionalized' (can't remember if they are or not) then the matter of high state taxes in NJ leading to high deductions might not apply here (although iirc Lincoln's taxes are pretty high rn because they tried to balance the budget last year after two years of having no budget whatsoever).

Tbh in real life Lincoln's economy would be in shambles; but this is Atlasia and actions do not carry consecuences so

Well if Lincoln's economy is in shambles, declaring economic warfare on it doesn't help.

[S019]

One thing I'm interested in regarding SALT is whether the in-game SALT includes regional taxes implicitly.

This was an issue I brought up a lot last year while I was DGM and encouraged some form of 'regionalization' of taxes so we wouldn't have to worry about the question of triple taxation and whatnot. Otherwise you have the situation where regions are assumed to be the in-game analog of states, yet the NPC states are assumed to still be operating largely as if the regions didn't exist.

The reason I bring this up is that if Lincoln's taxes are 'regionalized' (can't remember if they are or not) then the matter of high state taxes in NJ leading to high deductions might not apply here (although iirc Lincoln's taxes are pretty high rn because they tried to balance the budget last year after two years of having no budget whatsoever).

Tbh in real life Lincoln's economy would be in shambles; but this is Atlasia and actions do not carry consecuences so

Well if Lincoln's economy is in shambles, declaring economic warfare on it doesn't help.

$30,000 is more than a reasonable cap and would only impact really people making 250k or more.

No not really, much of North Jersey has average higher deductions than that:

https://patch.com/new-jersey/manasquan/report-says-trump-tax-cut-hurt-nj-heres-how

[S019]

I'm not exactly sure why the deductions are capped, but these rates are better than the old ones.