NYT: Is it Possible to Get Rid of Income Tax in Georgia?

Staff Report From Georgia CEO

Tuesday, June 11th, 2024

While Georgians watch their income tax obligations decrease, could state leaders eliminate the burden altogether?

“Georgia currently receives about half of its annual revenue from the income tax, and the vast majority of that comes from the personal income tax,” Kyle Wingfield, Georgia Public Policy Foundation’s president and CEO, told The Center Square. “If we assume the state isn’t going to cut half of its budget, Georgians would most likely see a sizable increase in sales taxes — by adding the sales tax to things like services, groceries and other exempted items and/or by increasing the sales tax rate on all taxed items.

Read More at New York Post.