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View submission: Casual Questions Thread
If I had to guess, it would likely require states to funnel some of their taxes back to the federal government, so basically the states would take over the function of the IRS. This would be a huge mess in states that don’t currently have state income taxes. What would be interesting is to see the new tax rates in states that take little to no federal funding. They might not be as inclined to increase the tax burden on their residents since there won’t be as much benefit. But a state like Texas will be forced to impose income tax and it will likely be hefty to offset building the infrastructure
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