I don't know the end result, Pinball machines will cost a bit more but people will still buy them. Might hurt sales but in the end higher costs won't kill the pinball industry.

I’m sure about it.

You think because a few people you know aren’t buying new pins that means no one is buying new pins?

I don’t know anyone buying a Beatles pin does that mean no one at all is buying one? People have said all the time “ new pins are too expensive look at LotR was $4K back in the day now $8K for a BM66 are you kidding me? “. People spend $15K on BM66 SLE.

LOL if you think no one will buy NIB pins because they cost a bit more.

I said people will still buy nib pins. Underlord asked if I was sure about that? what part was I wrong about?

Either I’m right and people will still buy nib pins or I’m wrong (and underlord is right) which means no one will buy nib pins any more.

You think a price hike will cause people to stop buying something?

Here is a link https://www.freep.com/story/money/cars/2018/10/04/pickup-truck-prices-vehicles/1455588002/

It says the average selling price of full size Pickup truck is $48K which up 48% from 10 years ago. Guess what full size PU trucks still sell in the millions of units. Some PU trucks can cost as much as $100K.

That’s what I said. I said the tax will hurt sales. Underlord was the one implying that no one would buy NIB because his circle of friends are not buying anything new.

Plus if a truck is a necessity people can buy a used just like pinball. No one needs to buy a new truck or a new pinball machine. If you raise prices on new truck then people who can’t afford $48K will buy a used or a stripped new truck. Same with pinabll machines. Probably far more used pinball machines (and trucks) are sold every year but that doesn’t mean no one buys NIB.

This has been forever, if no one ever bought nib pins there would never be any used pins.

I’ve bought 14 pins in the last eight years 7 nib and 7 used. A sales tax won’t dictate to me what I can or can’t buy. That’s silly. If it’s another $700 whatever that’s what it costs. I’m not saying I won’t buy nib because of a tax. Maybe some people won’t but some will do whatever the hell they want.

Complaining about it on a forum won’t change anything.

But people seem to be still buying? Beatles pro for same cost as STLE.

Not only property tax and interest write off limitation.

Really it’s state and local income tax we used to be able to deduct. That could be tens of thousands of dollars. We are being taxed on income we never see because it’s deducted for state income tax. Some states have 8-12% income tax.

Here is a quote for a $500k earner in California this does not include home interest deduction or property tax deduction that you would lose as a result of new tax law. The loss of interest and property tax deduction would add thousands of more Federal 2018 taxes. ADD58E60-9590-4CF6-ACA5-244036415AE5 (resized).jpeg

That’s *if you itemized*. Now since state, local and property tax are no longer able to be deducted you can’t itemize any more because that is the majority of what people use to get over the standard deduction. Meaning most people won’t itemize even if the do have mortgage interest.

As for losing the ability to claim state tax as a deduction. The way I see it is we never see this money. It’s not part of our take home pay yet we still have to pay taxes on that portion it’s almost like a double tax (pay tax on money that is tax).

Some instances state income taxes will increase because they use AGI meaning after deduction so if you can no longer itemize then your AGI is higher an so you’ll pay more state tax than you would have prior.

Unless the states do a work around a states could end up with bonus tax collection as a consequence.