Obviously, the best solution is to abolish the state income tax.
Joe Biden‘s student loan relief plan could trigger up to $1,100 in state-level taxes in at least 13 states because the $10,000-$20,000 in forgiveness could count toward an individual’s income when filing their taxes.
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The top tax figures for New York and Wisconsin, $685 and $530 respectively, do not include consideration of top marginal rate ‘because it would apply to relatively few eligible beneficiaries’ of the plan.