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Professional Tax Software News & Advice

Problems Expected for Georgia’s Shift from Income to Sales Taxes

A proposal was made in Georgia to drastically cut or abolish state income taxes and replace them with a higher sales tax. Doing so would increase taxes for up to 80% of Georgia’s taxpayers and could also spike Georgia’s state and local sales tax averages up to nearly 15%, according to a new study by the Georgia Budget and Policy Institute. [More]