Using a more balanced approach to budgeting would reduce the cuts, such as budgeting additional revenues through increasing the cigarette tax,enacting a new top income tax rate, improving tax collections, suspending or ending tax breaks, increasing fees, and closing corporate loopholes. Without new revenues, Georgia faces an additional $2.6 billion deficit in FY 2012, according to the governor. 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
