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> But New York, California and other net-payer states withholding payments would create a leverageable mess. How do you withhold payments, exactly? Do you tell
by busyant 2y ago
> But New York, California and other net-payer states withholding payments would create a leverageable mess.
How do you withhold payments, exactly? Do you tell the citizens of Maine to send their federal tax money to the state capital?
- JumpCrisscross 2y ago> How do you withhold payments, exactly? Have state bank regulators flag and freeze all payments to the Treasury for 30 days. (Ideally, during a window where your citizens won’t get hit with penalties, i.e. away from April or October 15 and away from the ends of calendar quarters.)
- busyant 2y ago> state bank regulators flag and freeze all payments to the Treasury for 30 days. It's crazy that we're even floating ideas like this. But something like this might actually happen.