Capital gains tax preferences are costly, inequitable, and ineffective. They deprive states of millions of dollars in needed funds, benefit almost exclusively the very wealthiest members of society, and fail to promote economic growth in the manner their proponents claim. Download the PDF.
Breaking the Bank: Eliminating the State Income Tax Harms Most Georgians and Increases the Cost of Living
Daniel Kanso, PhD
November 17, 2025
Introduction Eliminating Georgia’s income tax would represent the largest transfer of wealth from working and
