Known as the “Empire State of the South,” Georgia was the last of the original thirteen colonies, as well as one of the seven original confederate states. Needless to say, Georgia offers a powerful illustration of America’s history ― including the Georgia Gold Rush, the Civil War, and the Great Migration.
Georgia is largest state east of the Mississippi River, and it is well-known for its Southern hospitality and humid weather. There are 159 counties in Georgia ― the second highest number of counties in any U.S. State (behind only Texas). Since 2008, unemployment rates in Georgia have been consistently higher than the national average: 10.1% for the state and 9.8% for the country (September 2009).
There are a variety of taxes enforced in Georgia, applying to residents, businesses, and general consumers. State taxes are administered by the Georgia Department of Revenue, located in Atlanta. Other local taxes, such as property tax and local option sales taxes, are administered by county tax offices. In 2008, the state collected $17,695.1 million in tax revenue. The majority of the revenue was distributed to fund education, transportation, community health, and other public services.
Whether you’re a Georgia peach or a southern gentleman, it is important to be aware the taxes that affect you and your finances. Tax policies are constantly being adjusted and updated to reflect the current environment. In light of the recent difficult economic times, the Federal government (and many states) have been offering certain tax breaks and benefits to taxpayers. The following information will help you understand Georgia’s tax laws, as well as how to file your own taxes.
TABLE OF CONTENTS
General Information About Georgia Tax Laws
- • Personal Income Tax
- • Sales and Use Tax
- • Corporate Tax
- • Property Tax
- • Other Taxes
Notable Changes In Policy/Legislation
Information About Filing Your Georgia Taxes
Tax Tips & Helpful Facts
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i need to what the the deadline on paying state tax is. thankyou
How much are employee bonuses taxed by the federal and state government in the state of Georgia?
Dear Meredith,
Employee bonuses are considered part of your taxable income (along with wages, salaries, tips, and other compensation) and are taxed as such, by both the Federal government and your state. Any bonus(es) you’ve received should be included on your tax return as part of your income. Your bonus(es) will then be taxed at whatever rate applies to you, based on your filing status and income.