I had the thought of, what happens if millions of Americans just stopped paying taxes as a form of protest? I can’t imagine the IRS could actually handle it.
I had the thought of, what happens if millions of Americans just stopped paying taxes as a form of protest? I can’t imagine the IRS could actually handle it.
This is somewhat true for states that take more from the Fed than they receive. But the states threatening this plan are blue states. Also, they could just take what the fed owes them out of the escrow account, and essentially bypass the Fed all together