With tax day approaching, Wallethub.com released a nationwide report Wednesday showing how all 50 states tax their citizens on income, property and purchases.
The study ranked Georgia 32nd in the study with an overall tax burden of 8.2 percent of individual personal income. The Washington, DC,-based financial services website ranked Georgia slightly better than Arizona and just behind Washington state.
Georgia was near the middle of the nation on property tax (2.8 percent) income tax (2.29 percent), ranking 26th in each category, but ranked 34th in state sales and excise taxes. Republican state lawmakers worked last month through the final hours of the legislative session on a plan to lower the income tax rate, but the House and Senate were unable to agree on a plan before the clock expired.
The Wallethub.com study found New York had the highest tax burden with nearly 13 percent of personal income going to some sort of state-level taxation. New York’s ranking was paced by an income tax the study ranked as the most burdensome in the nation.
Delaware had the lowest overall burden (5.59 percent) with microscopic rates in all three categories.
For a little at the entire ranking of states and commentary from economists and taxation experts, see the full study here.