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Liberal States

M
SHUHoopsFan said:
Are these additional taxes on businesses in other states?
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Well, yeah. All kinds of different ways to tax in various states. It's basically another bracket. Many states do that.
I'm also not arguing we're the best btw... I'm just arguing against O'Leary's analysis because it it's not really accurate.

SHUHoopsFan said:
Number of Fortune 500 companies that call NJ home isn't growing.
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Correct. We lost Toys-R-Us and Bed Bath and Beyond due to bankruptcy.
Wyndham fell out, Celgene was purchase. It's not all because of taxes.

We did lose two big ones though, Honeywell and NRG. We offered them all kids of tax credits to stay but it wasn't enough.
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Liberal States

SHUHoopsFan
Merge said:
Some small additional context.
There was a 2.5% tax which expired this year on business with more than $1M in revenue.. That is now being replaced by a 2.5% tax on businesses with more than $10M in revenue.

So it's not as much as an increase as it is reversing the decrease that was expected for companies with more than $10M in revenue.
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Another tax expiring doesn't impact what O'Leary is saying. He's saying we're taxing corporations here for things that they wouldn't be taxed on in other states. Are these additional taxes on businesses in other states? Number of Fortune 500 companies that call NJ home isn't growing.
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Liberal States

M
SHUHoopsFan said:
Isn't there a tax now on highly profitable companies to fund NJ Transit?
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Some small additional context.
There was a 2.5% tax which expired this year on business with more than $1M in revenue.. That is now being replaced by a 2.5% tax on businesses with more than $10M in revenue.

So it's not as much as an increase as it is reversing the decrease that was expected for companies with more than $10M in revenue.
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Slow Day So Here's a Top 10 List

M
JRSlim2284 said:
Brunson is #1 IMO.

I agree with others on Rhoden > Mamu.

Blueitt is the name I've seen the most on Reddit

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Blueitt and Kalkbrenner were my thoughts for #10. I'd have both ahead of Mamu for sure. Would probably have them above Kolek and arguably Carter (just because of only playing 2 years in the BE though - he was phenomenal this year) as well.
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Liberal States

SHUHoopsFan
Merge said:
Just saying the anti blue state argument doesn't really hold water here. Higher taxes and more regulations were always a part of blue states when there were economic booms. That doesn't mean hire taxes and regulations are always good just that each state needs to manage what is right for them.

You would need to look at what each state is doing. Like in NJ with the digital media tax credit, Christie let it expire but Murphy added it back to create the incentive for TV shows / movies etc. to be filmed in NJ which ultimately helped us get the Netflix deal done. That will create thousands of jobs and bring billions to the state. It's not a red/blue issue. It's more of a leadership issue. If there was no growth in NJ and we weren't doing anything to help attract business then that would be a problem with the leadership of the state.
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www.northjersey.com

Businesses will leave NJ if they face more corporate taxes — even to bail out NJ Transit

Despite the proposed tax hike and the new fare hikes, it is still unclear whether NJ Transit will be able to balance its own books.
www.northjersey.com

Isn't there a tax now on highly profitable companies to fund NJ Transit?
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Liberal States

N
Merge said:
Just saying the anti blue state argument doesn't really hold water here. Higher taxes and more regulations were always a part of blue states when there were economic booms. That doesn't mean hire taxes and regulations are always good just that each state needs to manage what is right for them.

You would need to look at what each state is doing. Like in NJ with the digital media tax credit, Christie let it expire but Murphy added it back to create the incentive for TV shows / movies etc. to be filmed in NJ which ultimately helped us get the Netflix deal done. That will create thousands of jobs and bring billions to the state. It's not a red/blue issue. It's more of a leadership issue. If there was no growth in NJ and we weren't doing anything to help attract business then that would be a problem with the leadership of the state.
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NJEDA recently posted for director position for motion picture and TV
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Another Professional team at Pru Center

C
Merge said:
Our schedule is set.
They are asking for 2 days per month. It's really not that big of a deal.
If they start to give them preference in future years, it will be because we're not pulling a crowd at all. Like 3-4k per game.
I'm not that worried about that unlikely scenario.



:rolleyes:
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Ok. Thank you for a reasonable post. I apologize for the snarky comment.
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Liberal States

M
SHUHoopsFan said:
That's how big money works. They're looking out for themselves. Clearly this is a man who likes to invest and not sit on his money for himself. So the more he makes the more he's looking for opportunities to invest which creates jobs.
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Just saying the anti blue state argument doesn't really hold water here. Higher taxes and more regulations were always a part of blue states when there were economic booms. That doesn't mean hire taxes and regulations are always good just that each state needs to manage what is right for them.

You would need to look at what each state is doing. Like in NJ with the digital media tax credit, Christie let it expire but Murphy added it back to create the incentive for TV shows / movies etc. to be filmed in NJ which ultimately helped us get the Netflix deal done. That will create thousands of jobs and bring billions to the state. It's not a red/blue issue. It's more of a leadership issue. If there was no growth in NJ and we weren't doing anything to help attract business then that would be a problem with the leadership of the state.
Click to expand...
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