Is it time to repeal the state income tax in Georgia? Why the hell not?
- TANSTAAFL Says:
July 27th, 2009 at 5:59 pm
Hats off to Mr. Wheatley for having the stamina to plow through the Rockefeller Institute report cited in the article above. It’s an accountant’s wet dream crammed full of charts and graphs and lots and lots of multicolored squiggly lines. I shall remember it’s location the next time I can’t get to sleep.
One item of interest contained in said report was on Table 9 where Georgia and Florida information was arranged in a convenient side by side comparison. As most of you know, Florida has no state income tax and makes up for that deficit by hitting the corporate side of the house pretty heavily. Both states are suffering declines in revenue as is everybody else, but I haven’t heard of any teacher furloughs in Florida. Yet.
Perhaps the citizens of Georgia should look at the trade-offs that Florida has made and free themselves from the onerous state income tax. I could not help but notice that some of our esteemed state politicians are already ahead of the curve on this by failing to file their state taxes or allowing themselves very generous minimum rates.
I do not believe the fair tax is the solution or that the redoubtable Mr. Oxendine will even be the Republican Candidate in 2010. No state income tax falls in line with general libertarian principles and will hopefully be talked about by John Monds (L) during the upcoming Governors race in 2010.