9:06 am October 30, 2012, by David Markiewicz
A new report from The Tax Foundation shows that Georgia residents paid 9.0 percent of their income to state and local taxes in the 2010 fiscal year.
That’s below the U.S. average of 9.9 percent, and far below the highest-tax burden states including New York (at 12.8 percent), New Jersey (at 12.4 percent), Connecticut (at 12.3 percent) and California (at 11.2 percent).
Georgia ranks 33rd overall.
Georgia residents’ tax burden is considerably higher than that of residents in the lowest-ranked states including Alaska (at 7.0 percent), South Dakota (at 7.6 percent), Tennessee (at 7.7 percent) and Louisiana and Wyoming (at 7.8 percent).
The tax burden in Georgia fell from 9.3 percent in 2009 and from 9.4 percent in 2008.
The Tax Foundation estimates the combined state and local tax burden for residents in each of the 50 states by totaling the state and local taxes paid by residents to their own and other governments, then dividing the total by each state’s total income.
Get inside Atlanta\'s and national business news and how it affects you.