That’s a great idea for state employees.
We are also getting a much larger SALT deduction next year from the One Blows Bubba Bill. Salt cap goes up to $40k. So if New Jersey temporarily increases state income taxes to the level of federal taxes, they could shift the tax revenue away from federal and towards state taxes.
That’s a great idea for state employees. We are also getting a much larger SALT deduction next year from the One Blows Bubba Bill. Salt cap goes up to $40k. So if New Jersey temporarily increases state income taxes to the level of federal taxes, they could shift the tax revenue away from federal and towards state taxes.
Oh now that’s an interesting idea. Nice.