Talk of The Villages Florida - View Single Post - Our Taxes going up as entertainment tax revenue goes down
Thread: Our Taxes going up as entertainment tax revenue goes down
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Old 04-27-2020, 05:07 AM
DAN48 DAN48 is offline
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Default Tax increase
Quote:
Originally Posted by simrek View Post
With the virus demanding social distancing, all the tourist attractions, theme parks, hotels, etc. will have to decrease capacities and thus sales. With a large portion of Florida's tax revenue coming from: entertainment, hotel, gasoline, alcohol and sales tax; the state will have to turn to residents to offset the shortfall in some form of an Income tax and/or real estate, sales tax increase. Either way, prepare yourself for cost of living increase in the not so distant future!
Agree, higher taxes at the Federal and State level are inevitable.