In Fiscal Year (FY) 2011, Georgia collected $31.1 billion in state and local taxes. While this is an impressive sum of money, it tells us little about whether or not the average Georgia taxpayer can afford this level of taxation.
As shown in the charts below, Georgia’s state and local tax burden (tax collections divided by personal income) was the eleventh lowest in the nation for FY 2011 at 9 percent—or 13.7 percent below the national average of 10.5 percent. Georgia’s tax burden has increased significantly over time by 46.5 percent to 9 percent in FY 2011 from 6.2 percent in FY 1950.
Georgia’s low state and local tax burden is not driven by any particular element in their tax code as their tax burdens are all are at or below the national average, especially the property tax (3 percent, 29th highest), corporate income tax (0.19 percent, 38th highest), and all other taxes (1.1 percent, 49th highest).
J. Scott Moody has nearly 20 years experience as a public policy economist with a specialty in tax policy and has over 180 publications. He has worked for numerous national and state-based think tanks such as the American Conservative Union Foundation, Federalism In Action, Tax Foundation, Heritage Foundation, and The Maine Heritage Policy Center.