Georgia Top 10 for retirees
Real Estate
State Income Tax: 1% - 6%
State Sales Tax: 4% (localities can add their own)
Inheritance Tax: No
The Peach State is a peachy tax environment for retirees. Social Security income is exempt, and so is up to $35,000 per person of most types of retirement income, including pensions, annuities, rental income and investment income for residents 62 and older. Retirement income above the exclusion amount is taxed at ordinary rates. Beginning in 2012, taxes on retirement income will be phased out. The combined state and local sales-tax rate is an average 6.95%. Food and prescription drugs are exempt.