Florida is the worst state in the country when it comes to tax fairness!
The study also finds that DC, New York, New Jersey, and California have much fairer tax systems.
Who Pays? 7th Edition – ITEP |
I guess it depends on what you mean by "fair"? Everyone doesn't agree that high income people should pay a higher tax rate than low income people.
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Moving here from Minnesota about four years ago... 1. My income tax bill has shrunk by about 1/3. Minnesota (where I hail from) is 4th highest in State income tax paid. Florida has no state income tax. 2. I pay quite a bit less in property tax in Florida...on a house that is valued at nearly twice my former home. 3. I don't have to pay for a fishing license in Florida. 4. Law enforcement (funded by tax money) is far better and more reliable here than back where I came from. 5. I pay nearly a full percent less in sales tax in Florida than I did before I moved here. 6. Minnesota ranks 5th in the nation in state estate taxes collected. Florida HAS no state estate tax. Important. Especially now. 7. The license fee on our primary vehicle is nearly 70% LESS per year than it was in Minnesota. These seven items are what just came to mind. There are probably more financial advantages to living here than the ones listed. Fair? Oh yeah!! |
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Taxes in Florida
Move to Florida, taxes on a new home with bond average 10,000 a year plus, and that’s without amenities, insurances or your annual income taxes!
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Oh look -- the Opposite World News also says the sun is going to start rising in the West! About time! Only fair! |
you haven't been to Ct., have you??
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The #1 reason people are fleeing those jurisdictions for TX and FL is taxes. |
I've lived "there", I'll stay "here", fairness is in the eye of the beholder
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The article makes no sense to me! For example they state, "These states tax their poorest residents — those in the bottom 20 percent of the income scale — at rates averaging three times higher than those charged to the wealthy."
Last I checked the only taxes we have in Florida are sales tax & property tax. Both of those rates have nothing to do with being rich or poor. If you buy more, you pay more. If you own a larger home you pay more. What's wrong with that? Works for me! |
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And I thought it might get comments from people who live in the more progressive states to see what they think of the study. So far most of them appear to disagree with the study. |
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