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MGKrebs

(8,138 posts) Thu Jan 25, 2018, 05:23 PM Jan 2018

Federal tax bill could mean massive state tax hike for Georgians

Source: ajc

Georgians may wind up paying a massive $3.6 billion more in state taxes over the next five years because of changes made last month in the federal tax code.
The Atlanta Journal-Constitution obtained a copy of the Deal administration’s estimate, which showed a huge windfall for the state.

That’s largely because the federal tax law touted by President Trump and Congress limited or eliminated some of the deductions Georgians have used in the past and made it far more likely that ratepayers will use the standard federal deduction, rather than lowering their taxable income using itemized deductions.

So while many Georgians may pay less in federal taxes, they will wind up with bigger state tax bills.

Read more: http://www.myajc.com/news/state--regional-govt--politics/federal-tax-bill-could-mean-massive-state-tax-hike-for-georgians/80vhkGxxDRx7eE02AF7cuN/?ecmp=newspaper_email&

7 replies

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Federal tax bill could mean massive state tax hike for Georgians (Original Post) MGKrebs Jan 2018 OP

Bad news. nt ladjf Jan 2018 #1

Won't they be a bunch of happy Phoenix61 Jan 2018 #2

Except I'm a Georgian and a Democrat too Mr. Ected Jan 2018 #4

I'm sorry. It sucks when you have to pay Phoenix61 Jan 2018 #6

look for a crafty exemption in the budget bill.... getagrip_already Jan 2018 #3

Are they tired of so much winning? tanyev Jan 2018 #5

dah. wake up team trump! riversedge Jan 2018 #7

ladjf

(17,320 posts)

1. Bad news. nt

Reply to MGKrebs (Original post)

Thu Jan 25, 2018, 05:25 PM

Jan 2018

Phoenix61

(17,019 posts)

2. Won't they be a bunch of happy

Reply to MGKrebs (Original post)

Thu Jan 25, 2018, 05:25 PM

Jan 2018

little Trumpsters. As they say, elections have consequences.

Mr. Ected

(9,670 posts)

4. Except I'm a Georgian and a Democrat too

Reply to Phoenix61 (Reply #2)

Thu Jan 25, 2018, 06:30 PM

Jan 2018

We're the ones fellow DU'ers should feel sorry for.

Then again, I almost don't mind paying the extra tax just to be able to upbraid every single Trumpie I meet, and I meet a lot of Trumpies out here in the Georgia boonies.

Phoenix61

(17,019 posts)

6. I'm sorry. It sucks when you have to pay

Reply to Mr. Ected (Reply #4)

Thu Jan 25, 2018, 08:17 PM

Jan 2018

for somebody else being stupid. I'm in the Fl panhandle and surrounded by Trumpsters although I don't see anywhere near as many bumper stickers as I used to and the yard signs are all gone. Lots of folks here are on Medicare and/or Medicaid. Many others work in nursing homes and hospitals. Lots of retired military. I think all of them have come to the realization they were conned.