| Economic Outlook Data |
|
Overall Outlook Rank
|
31st
|
14th
|
|
Top Marginal Personal Income Tax Rate
|
5.75%
|
5.19%
|
|
Top Marginal Corporate Income Tax Rate
|
7.53%
|
5.99%
|
|
Personal Income Tax Progressivity
(change in tax liability per $1,000 of income)
|
$10.85
|
$8.62
|
|
Property Tax Burden
(per $1,000 of personal income)
|
$30.16
|
$27.50
|
|
Sales Tax Burden
(per $1,000 of personal income)
|
$14.84
|
$23.42
|
|
Remaining Tax Burden
(per $1,000 of personal income)
|
$19.41
|
$9.74
|
|
Estate / Inheritance Tax Levied?
|
No
|
No
|
|
Recently Legislated Tax Changes
|
$0.00
|
-$5.25
|
|
Debt Service as a Share of Tax Revenue
|
4.25%
|
2.86%
|
|
Public Employees Per 10,000 of Population
(full-time equivalent)
|
539.23
|
485.67
|
|
State Liability System Costs
(as a share of state GDP)
|
1.47%
|
2.60%
|
|
State Minimum Wage
(federal floor is $7.25)
|
$12.77
|
$7.25
|
|
Average Workers' Compensation Costs
(per $100 of payroll)
|
$0.73
|
$1.09
|
|
Right-to-Work State?
(option to join or support a union)
|
Yes
|
Yes
|
|
Tax Expenditure Limits
|
0
|
0
|
| Economic Performance Data |
| Overall Performance Rank |
24
|
11
|
| State Gross Domestic Product |
64.19%
|
78.88%
|
| Absolute Domestic Migration |
-116,527
|
410,232
|
| Non-Farm Payroll Employment |
11.48%
|
17.76%
|
|
Virginia Profile
|
Georgia Profile
|
