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Sunday, October 22, 2006
Let’s tax you for me
The Atlanta Journal-Constitution
Kia, the auto manufacturer, broke ground last Friday on a $1.2 billion plant, its first in America. To lure the company, Georgia taxpayers provide incentives worth about $400 million, or about $160,000 per job.
Business incentives that pit one state against another are losers for all. My preference would be to end them, and to end the state’s corporate income tax as well. One company shouldn’t pay to provide incentives to a potential competitor.
Two related questions: Do you object to your tax dollars going to lure companies to Georgia? And, if you could eliminate one tax as an incentive to promote some desirable behavior or activity, what would it be? One proposal in this election season has been to eliminate state taxes on retirement income in an effort to attract them to Georgia.
