A seismic shift from incomes taxes to sales taxes would raise total state taxes for as many as four in five Georgia taxpayers, as explained in a Georgia Budget and Policy Institute (GBPI) comprehensive report published this month.
How can cutting income taxes actually increase taxes on most families? In short, it’s because different taxes affect different taxpayers in a variety of ways. Shifting the balance between income tax and sales tax collections alters how much various taxpayers owe. Lower income taxes mean wealthier taxpayers and corporations pay less, while higher sales taxes mean middle- and low-income families pay more. Download the fact sheet.
