This morning the conservative Tax Foundation released its comprehensive analysis of state tax structure policies that impact business growth. The message for Georgia: We Can Do Better. Georgia is ranked No. 34 nationally, unchanged from one year ago. Georgia lawmakers continue to struggle with how to enact comprehensive revenue neutral tax reform.
The Tax Foundation annual report
compares states against each other in five tax categories: corporate, personal income, sales, unemployment insurance and personal property. Georgia collects all five; some states do not. With no personal income tax, Florida ranked fifth nationally. Three states have no personal or corporate income taxes. Some states impose no sales tax.
The Tax Foundation wrote, “The lesson is simple: a state that raises sufficient…