There has been a move in operation for years to try and do away with the IRS and the federal income tax system, but seven states have already managed to do that with state income tax.
According to About.com, Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming already have no state income tax and Tennessee and New Hampshire only charge income tax on interest and dividend income. About.com reports that not all, but most, of these states have some of the lowest state taxes in the nation. Alaska, Nevada, Wyoming, Florida and New Hampshire lead the nation in states where folks pay the lowest state taxes. A Georgia representative is hoping to add Georgia to the list.
House Rep. Tom Kirby planned a press conference at the Georgia state Capitol on Wednesday to introduce his Georgia Fair Taxation Act of 2014, which would move Georgia away from state income tax to a state sales tax as a way to raise state revenue.
Do you support this as a way of raising revenue for the state? Do you think states could lead the way in testing the waters for a national sales tax as an alternative form of revenue collection?