Tuesday, December 27, 2011

For Georgia to have a fair tax structure, income tax on the wealthiest should increase | SaportaReport

For Georgia to have a fair tax structure, income tax on the wealthiest should increase | SaportaReport: "The income tax “is the biggest detractor to bringing jobs to Georgia,” according to Senate Finance Committee Chairman Bill Heath (R-Bremen). This narrative is as common as it is incorrect.

Economic evidence simply doesn’t support such a claim. For one thing, Georgia is a low tax state to begin with – 49th in per person tax share nationwide – yet Georgia has lost more jobs than almost any other state. Two states that have no personal income tax – Florida and Nevada – were among the hardest hit by the Great Recession, while supposedly“high tax” states such as Minnesota and Vermont fared much better."

'via Blog this'

No comments:

Post a Comment