Quote:
Originally Posted by simrek
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!
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Maybe if we had a small state income tax over the years, the state would have been better prepared for growth and not completely beholden to developers. As a 40 year permanent resident, I’ve believed revenue from earned income wage earners would have made a huge difference as the state developed. Remember, income taxes can be defined to impact retirees without substantial income less dramatically.