Negative Remarks Against New Tax Plan
The Douglas County Sentinel is reporting today about local government reaction to proposed tax plan by Georgia House Speaker Glenn Richardson. Unfortunately for the article, there is no mention about exactly what the tax plan encompasses or how it would affect local tax collection. But the reaction clearly speaks to the negative from the Board of Education, City of Douglasville, Douglas County, and the Douglas County Development Authority (no surprise here).
Georgia Trend Magazine has a great article on the tax plan. An excerpt is below that briefly explains the proposed tax plan.
Called the “4 PLUS 4 = 0” tax, this would eliminate all property taxes for cities, counties and schools. It would apply a 4 percent sales tax on all services and other dollar-for-dollar exchanges and transactions, including food, legal services, accounting services, healthcare, pest control, electrical utilities and all other business-to-business transactions.
The plan would also drop state income taxes from 6 percent to 4 percent. Thus, 4 percent sales tax plus the 4 percent income tax equals zero property taxes, providing the 4 PLUS 4 = 0 a name.
