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.