Georgia Firearm Forums - Georgia Packing banner

1 - 14 of 14 Posts

·
Registered
Joined
·
833 Posts
Discussion Starter #1
Just heard Nathan Deal on the radio speaking about changing goergias tax structure to a expenditure based system :D
 

·
Registered
Joined
·
2,133 Posts
Did he give any details?
 

·
Registered
Joined
·
833 Posts
Discussion Starter #4
http://www.ajc.com/news/georgia-politic ... 93381.html

But in a speech to lawmakers last month he made it clear the general philosophy guiding the recommendations will be to charge state sales taxes on more goods and services â€" including possibly groceries â€" and reduce income taxes.
a little tidbit in writing...
ill dig deeper
 

·
Registered
Joined
·
833 Posts
Discussion Starter #5
"I think we all recognize that we can't just totally abolish any of our existing tax structure... we can perhaps begin to reduce it and shift the income we need into other areas such as a consumption-based approach,"
http://wsbradio.com/localnews/2010/12/l ... tax-r.html

not exactly a full on income tax abolishment, but maybe a step in the right direction.
 

·
Seasteading Aficionado
Joined
·
44,896 Posts
If Nathan Deal actually does anything to ween this State off of being a Nanny Welfare State, I will be seriously suprised.

He voted, yea, for almost every Socialist Redistribution plan they came up except Obamacare. I guess he knew his Republican chances of being elected for Gov here in GA would be squashed if he did that.

What all of us don't know, is that he voted YEA on every single government program, that put in place the infrastructure, to make Obamacare possible. He voted for every increase of a National Health Plan, besides Obamacare. I'm talking about 10 or 15 or so votes for National Health Care.

He may be trying to act like a Libertarian now, but he was far from it, his entire life as our representative on the National level.

If he does an about face, and starts acting like a Libertarian now, he'll get a lot of respect from me, but I will never forget his votes for Socialist/Marxist National Health Care programs.
 

·
Registered
Joined
·
833 Posts
Discussion Starter #7
EJR914 said:
If Nathan Deal actually does anything to ween this State off of being a Nanny Welfare State, I will be seriously suprised.

He voted, yea, for almost every Socialist Redistribution plan they came up except Obamacare. I guess he knew his Republican chances of being elected for Gov here in GA would be squashed if he did that.

What all of us don't know, is that he voted YEA on every single government program, that put in place the infrastructure, to make Obamacare possible. He voted for every increase of a National Health Plan, besides Obamacare. I'm talking about 10 or 15 or so votes for National Health Care.

He may be trying to act like a Libertarian now, but he was far from it, his entire life as our representative on the National level.

If he does an about face, and starts acting like a Libertarian now, he'll get a lot of respect from me, but I will never forget his votes for Socialist/Marxist National Health Care programs.
Well said. I am not a big fan of Deals voting record either. Realistically this is probably going to end up being a small reduction in income taxes and a massive increase in product/service taxes.

I still think its a step in the right direction as relates to structure. 7 states have adopted no income tax structures. Ga [-o< hopefully will be next
 

·
Custom User Title
Joined
·
1,663 Posts
grrrrreeeeeaaaaaatttttt Now my consumerism will get the best of me.
 

·
Registered
Joined
·
2,133 Posts
I generally support the idea of no state income tax, mainly because of the potential to draw businesses & retirees to relocate.

But I'm having trouble with getting my head around this one. I'm stuck on a component of the Fair Tax, the idea that the taxes paid by producers are baked into the price of the the goods we consume. Under the Fair Tax, it makes sense to me that consumer product prices go down due to the removal of tax costs from the retail price, thus the "out the door" price remains pretty stable even with the introduction of a flat national sales tax.

I just don't see how consumer goods in GA would get that benefit if we went to a consumption tax. Am I right in thinking that only local goods would see a price reduction, because only local corporations would get the tax break?
 

·
Registered
Joined
·
1,148 Posts
Depending on the %, a sales tax on services is going to be harsh for businesses. As a contract worker, I image it would mean that I would have to charge my in-state clients a state sales tax on every hours worked invoice sent. Generally, sales tax is not charged for sales or services to clients in other states. That would create an incentive for businesses to outsource work outside of the state instead of within the state.
 

·
Registered
Joined
·
6,548 Posts
frankr said:
Depending on the %, a sales tax on services is going to be harsh for businesses. As a contract worker, I image it would mean that I would have to charge my in-state clients a state sales tax on every hours worked invoice sent. Generally, sales tax is not charged for sales or services to clients in other states. That would create an incentive for businesses to outsource work outside of the state instead of within the state.
Usually a sales tax isn't charged on services at all
 

·
Registered
Joined
·
1,148 Posts
dcannon1 said:
...
Usually a sales tax isn't charged on services at all
True, but the article mentioned that the General Assembly is considering taxing some services (whatever that means).
 

·
Registered
Joined
·
7,550 Posts
And never use the word "charged" with sales tax. Collect is the word for sales tax.
 

·
Registered
Joined
·
1,148 Posts
Verbal101 said:
...I just don't see how consumer goods in GA would get that benefit if we went to a consumption tax. Am I right in thinking that only local goods would see a price reduction, because only local corporations would get the tax break?
Right now you pay state income tax and sales tax. If Georgia does away with the state income tax, then you come out a lot better even if the sales tax rate goes up. There are other states without income taxes and they do better. In effect, you get to keep more money!

Under current Federal tax law, you can deduct either the income tax paid to the state or the sales tax paid to the state. So you would still get a deduction there.

I do not think the State getting rid of the corporate income tax would do much good unless they also get rid of the individual income tax as most business taxes are paid by on the individual tax returns of the owners - LLC, S-Corp, etc.

Just some thoughts.
 
1 - 14 of 14 Posts
Top