Voters in North Carolina have rejected new taxes almost every time they’ve been asked in the past two years.
The authors of a new paper on local option sales taxes in Georgia reinforces the good sense of those voters. The sales tax was intended to replace offset a lower property tax, but each dollar of the sales tax only produced 17 cents of property tax relief. Even that, however, was only temporary.
The new tax provided a substitute for the property tax and new tax revenue. Yet again, more taxes mean higher taxes.
