Georgia
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All figures and charts show 2024 tax law in Georgia, presented at 2023 income levels. Senior taxpayers are excluded for reasons detailed in the methodology. Our analysis includes nearly all (99.8 percent) state and local tax revenue collected in Georgia. These figures depict Georgia’s personal income tax rate at its 2024 level of 5.49 percent. By 2029 the personal income tax rate will reach 4.99 percent. As seen in Appendix E, this will decrease the top fifth’s overall tax rate by 0.4 percentage points and cause the state to move 1 spots in the ITEP Inequality Index rankings, from 33rd to 32nd most regressive.
State and local tax shares of family income
| Top 20% | |||||||
| Income Group | Lowest 20% | Second 20% | Middle 20% | Fourth 20% | Next 15% | Next 4% | Top 1% |
| Income Range | Less than $21,400 | $21,400 to $40,200 | $40,200 to $69,500 | $69,500 to $130,000 | $130,000 to $263,200 | $263,200 to $638,000 | Over $638,000 |
| Average Income in Group | $12,900 | $30,300 | $53,200 | $97,500 | $169,000 | $380,500 | $1,308,500 |
| Sales & Excise Taxes | 6% | 5.5% | 4.6% | 3.7% | 2.9% | 1.9% | 1% |
| General Sales–Individuals | 3.1% | 3% | 2.5% | 2% | 1.5% | 0.9% | 0.4% |
| Other Sales & Excise–Ind | 1.4% | 1.2% | 0.9% | 0.7% | 0.5% | 0.3% | 0.1% |
| Sales & Excise–Business | 1.4% | 1.3% | 1.2% | 1% | 0.9% | 0.7% | 0.6% |
| Property Taxes | 3.5% | 2.5% | 1.9% | 2.3% | 2.3% | 2.2% | 1.8% |
| Home, Rent, Car–Individuals | 2.9% | 2.1% | 1.5% | 1.9% | 1.8% | 1.5% | 0.7% |
| Other Property Taxes | 0.6% | 0.4% | 0.5% | 0.4% | 0.5% | 0.7% | 1% |
| Income Taxes | 0.7% | 2.1% | 3% | 3.7% | 4% | 3.9% | 4.1% |
| Personal Income Taxes | 0.7% | 2% | 3% | 3.7% | 4% | 3.8% | 4% |
| Corporate Income Taxes | 0% | 0% | 0% | 0% | 0% | 0% | 0.1% |
| Other Taxes | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| TOTAL TAXES | 10.3% | 10.1% | 9.6% | 9.8% | 9.3% | 8% | 6.9% |
| Individual figures may not sum to totals due to rounding. | |||||||
ITEP Tax Inequality Index
ITEP’s Tax Inequality Index measures the effects of each state’s tax system on income inequality. According to this measure, Georgia has the 33rd most regressive state and local tax system in the country. Income disparities are larger in Georgia after state and local taxes are collected than before. (See Appendix B for state-by-state rankings and the report methodology for additional detail.)
Tax features driving the data in Georgia
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State sales tax base excludes groceries
Levies a business franchise tax
Levies a corporate income tax
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No refundable income tax credits to offset sales, excise, and property taxes
Real estate transfer tax does not include higher rate on high-value sales
Does not use combined reporting as part of its corporate income tax
Income tax deduction for state income taxes paid
Does not levy a tax on estates or inheritances
Personal income tax rate cannot exceed 6%
Local sales tax bases include groceries
Personal income tax uses a flat rate
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