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There are 6 flat tax rates in Georgia: corporate profit tax, value added tax, excise tax, personal income tax, import tax and property tax. [1] Personal income tax in Georgia are collected at a flat rate of 20% on local-source income. Foreign-source personal income is tax-exempt. [2]
A "mirror" tax is a tax in a U.S. dependency in which the dependency adopts wholesale the U.S. federal income tax code, revising it by substituting the dependency's name for "United States" everywhere, and vice versa. The effect is that residents pay the equivalent of the federal income tax to the dependency, rather than to the U.S. government.
The Official Code of Georgia Annotated or OCGA is the compendium of all laws in the state of Georgia. Like other state codes in the United States, its legal interpretation is subject to the U.S. Constitution , the U.S. Code , the Code of Federal Regulations , and the state's constitution .
A $1 billion election-year tax cut the Republican-controlled General Assembly passed last year will take effect on New Year’s Day. For now, the phased-in tax cut sets the state income tax rate ...
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This page was last edited on 8 February 2024, at 20:26 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
This year, Georgia residents can claim a new — but potentially confusing — tax break: a $3,000 deduction for a fetus. After the Supreme Court overturned women's federal right to obtain an ...
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