4% may not seem like a big deal, but the cost of compliance for small service businesses is huge. To ask these businesses, most of which are operating on a shoestring, to add additional accounting costs to their operation means one of three things - prices go up, their employees get laid off or get reduced hours, or businesses go out of business altogether. If GA would eliminate the income tax, I would be in favor of a service tax, but to just keep adding to the tax burden of small businesses is NOT the way to grow the economy in this state. If they keep adding to the burden of the business owner, many, especially in broeder towns, may just take their businesses elsewhere.
Another thing to consider: if people are spending 70% of their income on services, that 4% amounts to a pretty big tax increase on the people who use those services. A family that makes $50,000, for example, would pay an additional $1,400 per year in taxes. Is THAT a good idea?
Nick's Deli solid, substantial, surprising
Hixson has more chain restaurants than you can shake a chicken finger at. That's funny!
‘The right thing to do’
What a great story! You don't see that type of unselfishness in business very often.
‘Tumultuous’ times in tiny town of Lyerly, Ga.
Just gotta LOVE small town politics! Very interesting story. Thanks!
Georgia looks at adding sales tax to services
4% may not seem like a big deal, but the cost of compliance for small service businesses is huge. To ask these businesses, most of which are operating on a shoestring, to add additional accounting costs to their operation means one of three things - prices go up, their employees get laid off or get reduced hours, or businesses go out of business altogether. If GA would eliminate the income tax, I would be in favor of a service tax, but to just keep adding to the tax burden of small businesses is NOT the way to grow the economy in this state. If they keep adding to the burden of the business owner, many, especially in broeder towns, may just take their businesses elsewhere.
Another thing to consider: if people are spending 70% of their income on services, that 4% amounts to a pretty big tax increase on the people who use those services. A family that makes $50,000, for example, would pay an additional $1,400 per year in taxes. Is THAT a good idea?