State Taxes

Learn more about keeping your business compliant with state tax requirements.

Understanding Personal Income Tax in Georgia

Personal income taxes in Georgia are discussed.

If you are operating your business as an S corporation, partnership, limited liability company (LLC) or sole proprietorship, you may be subject to a personal income tax on your business income that is not taxed at the corporate level, but instead passes through to you.

Georgia marginal tax rates are as follows:

Marginal Tax Rates 2012
Single
Amount of Taxable Income Tax
$0 to $750 1% of taxable income
$751 to $2,250 $7.50, plus 2% of the amount over $750
$2,251 to $3,750 $37.50, plus 3% of the amount over $2,250
$3,751 to $5,250 $82.50, plus 4% of the amount over $3,750
$5,251 to $7,000 $142.50, plus 5% of the amount over $5,250
$7,001 and over $230, plus 6% of the amount over $7,000

Marginal Tax Rates 2012
Married Filing Jointly, Head of Household
Amount of Taxable Income Tax
$0 to $1,000 1% of taxable income
$1,001 to $3,000 $10, plus 2% of the amount over $1,000
$3,001 to $5,000 $50, plus 3% of the amount over $3,000
$5,001 to $7,000 $110, plus 4% of the amount over $5,000
$7,001 to $10,000 $190, plus 5% of the amount over $7,000
$10,001 and over $340, plus 6% of the amount over $10,000

Marginal Tax Rates 2012
Married Filing Separately
Amount of Taxable Income Tax
$0 to $500 1% of taxable income
$501 to $1,500 $5, plus 2% of the amount over $500
$1,501 to $2,500 $25, plus 3% of the amount over $1,500
$2,501 to $3,500 $55, plus 4% of the amount over $2,500
$3,501 to $5,000 $95, plus 5% of the amount over $3,500
$5,001 and over $170, plus 6% of the amount over $5,000

Category : Tax Center
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