How many ways can statehouse leaders think of to shoot Georgians in our collective behinds?
As the 2009 Legislative session jerks toward conclusion, the gold dome squatters are poised to lower taxes for buyers of pricey autos while making sure that anyone who buys a car under $21,400 pays up.
House Bill 480 eliminates sales taxes and annual property taxes on vehicles in favor of a one-time, up-front, seven percent title fee. But wait: The maximum title fee is $1,500. That means if you buy a car or truck for $21,400 you’ll pay a title tax of $1,498. If you can afford a $50,000 edition, you’ll pay … let’s see now … 7 percent of $50,000 is $3,500. No, that’s not right. The maximum is $1,500. Great! Anything over $21,400 is tax free.
See how that will help the economy. The better, richer people will get to keep more of their money while the poor folks have to pay.
That cities and counties will lose both the immediate local option sales tax and future property tax revenue makes it all the better. We’ve got too many teachers and trash collectors, don’t we? They’ll have to tighten their belts, unless they’re driving pickups.