Talk of The Villages Florida - View Single Post - Our Taxes going up as entertainment tax revenue goes down
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Old 04-27-2020, 06:44 AM
PJackpot PJackpot is offline
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What taxes? Property?...nope, those do not go to the state. Income?...nope, Florida has no state income tax, and none is coming. Sales and use tax?...possibly, but not likely. Stamp tax?...again, possibly. Florida has no death tax. Florida taxes on stocks and bonds was repealed in 2007. The state will more than likely have to go to the feds if they need to get bailed out. That may result in federal income tax increases, but that's the only thing I see happening, and that would probably be a minor increase. The national debt is what's going to take a big hit.