So like charge everyone a “fuck the feds” tax that equals their tax bill to the IRS, tell everyone to SALT deduct them, and then just refund them all the money from that tax?
Actually I just looked it up it’s capped at 40k and goes back to 10k in 2030. Before 2018 it was unlimited so a state could have theoretically done something like that, or used the tax money to fund socialized medicine, or ‘nationalize’ industry.
So like charge everyone a “fuck the feds” tax that equals their tax bill to the IRS, tell everyone to SALT deduct them, and then just refund them all the money from that tax?
Actually I just looked it up it’s capped at 40k and goes back to 10k in 2030. Before 2018 it was unlimited so a state could have theoretically done something like that, or used the tax money to fund socialized medicine, or ‘nationalize’ industry.