Georgia Consumption Tax.

Various legislators are talking about it and now Sen. Mitch Seabaugh has a poll on his website:

Should Georgia replace individual and corporate income tax with a consumption tax?

Click here. It’s on the left side of the page near the top.

3 comments

  1. liberty21 says:

    I have toyed around with the idea of a consumption tax in Georgia. I do not think that is the best solution to fix our current income tax system in Georgia. I would support a Flat-Tax if that option was brought up. I would support a Flat-Tax to replace the current income tax here in Georgia.

  2. IndyInjun says:

    For the legislators to hawk tax reform is much like having the captain of your lifeboat take a fireaxe to the hull, then insist on quick action because the boat is taking on water.

    The property tax desparately needed reforming, but what did they give us this year?……four or five NEW EXEMPTIONS to shift the tax burden off of the chosen few onto the backs of the rest of us.

    Hey, while y’all are at it, why not FIX the loopholes in the timber tax – now garnering only $13 million a year on an $8 billion tree harvesting industry? The luminaries that put THAT ONE together neglected to put provisions in that would collect tax on trees harvested on federal lands, something that the timber severance tax in just about EVERY OTHER STATE does. Then there is the loophole that allows the price to be separated into harvesting versus the taxable price of the timber. Finally, the whole process is exempt from open records laws so NO ONE can analyze what fraud or tax avoidance schemes are operating, so that they can never be fixed.

    Spare me the reformers in the legislature. We would be better off if they did nothing at all.

    Fix the worst of what is broken before making an even greater mess.

    When they pass this deal, which will require double digit tax rates, please let me know so that I can go buy retail and commercial real estate just across the river in South Carolina.

    They will have a 50% tax advantage on sales tax.

    While I am at it, I will put a note to self to NEVER buy Georgia state or municiple bonds, because the return just got slashed by the legislature.

    States with broad consumption taxes in lieu of income taxes hit business hard – they must be included in order to broaden the tax base – so that recruitment suffers.

    The consumption tax bandwagon just does not cut it when your legislators have thoroughly trashed your revenue system.

  3. DougieFresh says:

    Sales taxes in lieu of income taxes are great for areas with very high tourism, like Florida. It means out of towners pay a great deal of their taxes.

    I do not think Georgia fits into this category. However, I would not be opposed to eliminating the income tax for privacy issues.

Comments are closed.