GA Tax Bill Questionable

The following is a fact sheet on Rep. Carson's More Take Home Pay Act, which CTA has endorsed as a legislative priority for the next session of the state legislature. Members are urged to write Governor Deal in support of the measure. It has the support of the House leadership.

Fact Sheet: More Take Home Pay Act Highlights:

•A middle-class Georgia family of four making $29,500 or more per household will see an increase in take home pay.
•Lowers the state individual and business income tax from 6% to 4% over a three year period.
•Cuts income taxes by over $2.5 billion for Georgia families.
•Eliminates tiered income tax brackets, creating one flat tax that applies to all Georgians.
•Broadens the tax base to create a more consumption-based tax structure.

Georgia’s tax system is antiquated and overcomplicated, and has long failed to work efficiently or fairly for taxpayers. Our state ranks as the 9th worst state for income tax according to the Atlanta Business Chronicle, and 36th in business tax climate. As a result, Georgia had the 4th highest unemployment rate in the country as reported in December 2014.

The More Take Home Pay Act reforms Georgia’s overcomplicated tax system, allowing taxpayers to keep more of their hard earned income and preserving Georgia’s status as the number one state to do business.
1. Allows families to keep more of their income by lowering the personal and business tax rate.
• Middle-class households making $29,500 or more will see an increase in take home pay.
• A family bringing in the Georgia median household income of $48,000 will keep an additional $400 annually.
• Gradually lowers the current 6% income tax to 4% over a period of three years.