Moving Toward a Georgia Flat Tax
House Bill (H.B.) 949, passed by the Georgia House of Representatives in March of 2020, would reduce the top Georgia income tax rate from 5.75 percent to a flat rate of 5.375 percent.1 H.B. 949 serves as the basis for this study’s analysis of the fiscal and economic effects of reducing the top income tax rate while implementing a flat income tax across all income groups. Moreover, this study…