some_random parent
I'm surprised by how little discussion there's been of this seeing as it, at least to me, is just objectively a bad thing for the nation.
It got a lot of discussion last year, and when the law was originally passed.
By now, it's old news for both the tax and tech communities.
https://www.hackerneue.com/item?id=38120388
https://www.hackerneue.com/item?id=35614313
I thought there were a few large threads but could only find these :/
It's not bad for the entire nation, though, right? Wasn't the change made to compensate for the Trump tax cuts? Someone somewhere else did benefit, mainly the top bracket, especially folks in states not really affected by SALT, and some in the bottom brackets (due to a higher standard deduction). Unless I'm misremembering or missing something.
Another change in recent years that mostly affected some tech companies was making free employee meals taxable.
They're not really increasing tax over the long term, because you can amortize the salary over 5 years. However, it still burdens any companies that want to do R&D and software dev work here in the US which encourages them to relocate.