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Our Taxes going up as entertainment tax revenue goes down
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 not
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Historians will be very unkind to today's politicians on both sides of the stage. Taxes will have to go up at the state and federal level. Our children and grandchildren have a lot of mistakes to pay for.
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Just like the rest of the National Debt, It will never "be paid back". The Fed will simply crank up their printing presses, devalue the Dollar, and hope that inflation doesn't reach double digits (like it did in the 80s).
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What?? Please share how the state has gone about doing that in the past?? |
Tax increase
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