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Income Tax

Friday, February 15, 2013

Should Georgia Ax the Income Tax?

Several state senators are pushing a resolution that seeks the elimination of Georgia’s income tax. Tell us how you would vote on such a proposal.

The Georgia income tax could one day become a thing of the past. Several state senators have signed on to sponsor Senate Resolution 8, a proposal that would create a constitutional amendment to phase out the state’s income tax. If the resolution is approved by the General Assembly and signed by the governor, Georgia voters would see this question on a future ballot: “Shall the Constitution of Georgia be amended so as to limit the authority of the General Assembly to impose an income tax and to phase out existing income taxes?” A copy of the resolution is attached to this article in PDF form. If voters approve the amendment, the state would phase out the income tax completely by the year 2027. The process would be gradual, reducing the tax …

Brian

12:52 pm on Saturday, February 16, 2013

The other major thing to mention is that our unemployment problem is mainly due to people being trained in the wrong areas. We have to use E-splost to solve that problem, since the state is so underfunded as it is (and mismanaging the schools so much) that they can't afford important investments like that. The unemployment problem is due to lack fo investments, not taxes.   more ›

Wednesday, July 11, 2012

‘Taxmageddon’: $500 Billion Tax Increase Approaching

A wave of tax hikes will hit American taxpayers early next year.

Now that Obamacare has passed its Supreme Court challenge, the path is now clear for 20 new related taxes to go into effect. Over the next 10 years, these new taxes will result in an additional tax burden of $500 billion. These hikes, combined with several other upcoming tax hikes, are collectively referred to as “Taxmageddon” and will begin to hit American taxpayers in January of 2013. According to a report in Business Week, the Congressional Budget Office fears the hikes along with planned spending cuts could send the economy back into recession. “It would also result in 83 percent of U.S. households facing an average $3,701 in tax increases, according to the Tax Policy Center,” Business Week reported. Whether or not Congress and …

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