Quote:
Originally Posted by Randall55
11 I have lived in Florida all my life. I have been taught in High School and College that Florida has no state income tax because the state fills all of its needs through the tourist economy. If this fails, then Florida will have to collect a state income tax. It's been 40 years since I studied state and local government. We're all my teachers and professors guessing? Not sure! But, it is where I heard it. I never doubted their word and checked .I also remember quite a few politicians running for office promising to keep the tourist trade hefty to eliminate the need for a state income tax. (Read my lips! No new taxes!) Sorry, that's all I have on the subject. At least I"m honest. BTW, I was always a straight A student.
|
I totally agree with that---the tourism dollars serve to keep our other taxes low and obviates the need for a state income tax. However, Florida had a healthy tourist industry and no income tax long before anyone conceived of an "Airbnb". I doubt stringent STR restrictions will collapse our tourist industry. And if so, Orlando is cutting its own throat with their new regs. Plus, TV is NOT Orlando, Miami, or NYC---we are PRIMARILY a 55+ RETIREMENT community, not a vacation destination---that is unless these cheap STRs go unabated.