While America certainly has its share of people in chronic poverty and those with vast wealth, we are an economically mobile society. IRS data tracking the same group of taxpayers between 1999 and 2007 showed that...
The facts on Georgia’s Tax Climate
6%individual income taxTop rate
6%corporate income taxFlat rate
$1096property taxcollections per capita
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 20th highest among states levying an individual income tax. Georgia's income tax collections per person were $726 in 2010 which ranked 22nd 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 17th lowest among states levying an corporate income tax. Georgia's corporate tax collections per person were $71 in 2010 which ranked 16th 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 6%. The average local sales tax rate is an additional 2.99%. Georgia's state and local governments collect $862 per person in general sales taxes and $274 per person in excise taxes, for a combined figure of $1137, which ranks 11th lowest nationally. Georgia's gasoline tax stands at 28.5¢ (20th 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 $1096 per person in property taxes, which ranks 18th lowest nationally.
State and local property tax collections per capita by state
Tax Freedom Day Arrives on April 9th in Georgia
Tax Freedom Day is the day when Americans finally have earned enough money to pay off their total tax bill for the year. In 2013, Georgia taxpayers worked until April 9th (18th earliest nationally) to pay their total tax bill. The Tax Freedom Days of neighboring states are: Tennessee, April 2nd (ranked 3rd earliest nationally); Alabama, April 5th (ranked 7th earliest nationally); Florida, April 15th (ranked 19th latest nationally); South Carolina, April 3rd (ranked 4th earliest nationally); and North Carolina, April 10th (ranked 21st earliest nationally).
Georgia's State and Local Tax Burden Below National Average
Georgia's 2010 tax burden of 8.96% ranks 18th lowest out of 50 states, and is below the national average of 9.9%. Georgia's taxpayers pay $3222 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's 2014 Business Tax Climate Index Ranks 32
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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