A tax expenditure is defined as a departure from the default tax code that decreases total taxes paid. They are called tax “expenditures” because they resemble government spending.
Although a majority of...
The facts on Georgia’s Tax Climate
Georgia's Individual Income Tax System
Georgia's personal income tax system consists of six brackets and a top rate of 6%. That rate ranks 23rd highest among states levying an individual income tax. Georgia's state and local income tax collections per person were $784 in 2011 which ranked 21st lowest nationally.
50-State Table of Individual Income Tax Rates
50-State Table of State Individual Income Tax Collections
50-State Table of State and Local Individual Income Tax Collections Per Capita
Georgia's Corporate Income Tax System
Georgia's corporate income tax system consists of a flat rate of 6%. That rate ranks 13th lowest among states levying a corporate income tax. Georgia's state and local corporate income tax collections per person were $69 in 2011 which ranked 12th lowest nationally.
50-State Table of Corporate Income Tax Rates
50-State Table of State and Local Corporate Income Tax Collections Per Capita
50-State Table of State Corporate Income Tax Collections Per Capita
Georgia Sales and Excise Taxes
Georgia levies a 4% general sales or use tax on consumers, which is below the national median of 5.95%. The average local sales tax rate is an additional 2.97%. Georgia's state and local governments collect $875 per person in general sales taxes and $314 per person in excise taxes, for a combined figure of $1189, which ranks 23rd highest nationally. Georgia's gasoline tax stands at 28.5¢ (21st highest nationally), while its cigarette tax stands at $0.37 (4th lowest nationally.)
50-State Table of State and Local General and Selective Sales Tax Collections Per Capita
Georgia Property Tax Collections Average
Georgia's state and local governments collected approximately $1060 per person in property taxes, which ranks 18th lowest nationally.
State and local property tax collections per capita by state
Tax Freedom Day is the day when Americans finally have earned enough money to pay off their total tax bill for the year. In 2014, Georgia taxpayers worked until April 12th (19th earliest nationally) to pay their total tax bill. The Tax Freedom Days of neighboring states are: Tennessee, April 5th (ranked 4th earliest nationally); Alabama, April 7th (ranked 5th earliest nationally); Florida, April 15th (ranked 25th latest nationally); South Carolina, April 9th (ranked 8th earliest nationally); and North Carolina, April 14th (ranked 23rd earliest nationally).
Georgia's 2011 tax burden of 8.84% ranks 16th lowest out of 50 states, and is below the national average of 9.8%. Georgia's taxpayers pay $3237 per capita in state and local taxes.
Georgia's State-Local Tax Burden, 1977-Present
Other States' State/Local Tax Burdens
Map of U.S. Showing all State's Burdens and Ranks
Historical Chart Comparing All States' State/Local Tax Burdens from 1977 to 2009
Georgia ranks 32nd in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and taxes on property, including residential and commercial property. The ranks of neighboring states are as follows: Tennessee, 15th, Alabama, 21st, Florida, 5th, South Carolina, 37th, and North Carolina, 44th.
50-State Comparison of Business Tax Climates (data only) (2013)
2014 State Business Tax Climate Index (full study)
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