The
Georgia Form 500 is too long and difficult to complete. It is 15 pages
long. Page 1 includes name, address and
marital status. Page 2 includes dependents. Page 3 starts with federal adjusted
gross income and “adjustments” from Page 5. Page 4 includes contributions for
everything plus taxable income and tax owed or overpaid. Page 5 is called Schedule 1 and includes
“adjustments”, but it doesn’t say if you subtract these or add them. Pages 6
and 7 include credit usage. Page 8 lists taxable income sources from the
federal form versus the Georgia form. Page 9 through 15 list special tax
credits of every stripe.
This form
is embarrassing to those of us who live in Georgia. We feel like we have to
apologize to those who have just moved here. I know we are a sovereign State,
but the legislature needs to clean this up.
All income
sources need to be totaled on the first page of the form, including taxable
income. It isn’t clear that income from Social Security, Annuities and IRA
Distributions are exempt. The section called “Subtractions” is confusing.
Georgia
may need its own Schedule C form for self-employed and farmers to show their
gross receipts, expenses and taxable income. Contributions to almost everything
need to be eliminated or condensed.
Norb
Leahy, Dunwoody GA Tea Party Leader
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