Opinion: Georgia should avoid tax proposal

icture this: It’s April 2016. Your income tax return is due. While you still have to pay the federal income tax, there is no longer a state income tax.

Sounds good, right?

Would you trade not having to pay Georgia’s income tax, which has a top rate of 6 percent, for a sales tax as high as 14.5 percent — more than double the current 7 percent sales tax rate in Bulloch County?

It could happen.

But, despite the idea’s growing popularity, the Georgia Budget and Policy Institute, a nonpartisan think tank based in Atlanta, urged caution in a report it issued last week. Such an exchange of taxes could actually hurt Georgia’s economy and lead to a higher tax burden on many businesses and lower- and middle-income individuals and families, the report says.

via Statesboro Herald

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