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<![CDATA[Ries on Income Tax Reform]]>
"Overall, it is not a tax increase," wrote Christine Ries, about recommendations made to Georgia lawmakers by the Special Council on Tax Reform and Fairness for Georgians. A Professor in the School of Economics and member for the council, Ries said, "We were very careful to avoid that. It shifts from income to consumption tax. It's now a flat tax and moving to a fair tax. All low-income families are tax neutral, will not pay more in tax ... There are no tax breaks for companies ... Individual families will pay, on average, $4-6 extra per week in grocery tax and have their income taxes reduced by a third." The plan will make the state's economy "much more efficient," she said. "It puts Georgia in the lead in terms of modernizing our code." Source: Marietta Daily Journal - January 18, 2011Read full article
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2011-01-18
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