We’ve said it many times: the race is on to see which state becomes the 10th with zero income Tax. Georgia would be a logical candidate since they are an income tax sandwich bordered by Tennessee and Florida – both of which have no income tax. Now the GA state legislature is taking a serious look:

At their meeting Wednesday, senators heard from current and former officials from other states that do not have an income tax or are in the process of eliminating one…

In Florida, for instance, three quarters of general revenues — $50 billion — come from a 6% sales tax, said J. Ben Watkins, the Sunshine State’s director of bond finance.

He told the senators at the Georgia Capitol that the absence of an income tax has driven population growth in Florida — and sales tax revenue along with it.

“People have flocked to the state — remote working, second homes, retirees,” he said. “Why do people move to Florida? What is our secret to success in Florida? Warm climate and low taxes.” …

Georgia is already going that direction. The General Assembly voted to reduce the income tax rate from 6% to 5.75% in 2022, gradually lowering it to 5.19% this year.

Our vision at UP is for the entire Southern region to become an income-tax-free zone.