Thursday, April 30, 2015

Florida’s taxes not as low as you might think

Florida TaxWatch's latest report, "How Florida Compares," shows the state's per capita state tax collections have fallen to 48th in the nation. While Floridians' state tax burden is low, the report shows that more than half of all government revenues are paid by local taxpayers. Local government revenues comprise 54.8 percent of Florida government revenues, which is the highest percentage in the nation.

When state and local taxes are combined, Florida's tax burden rises higher.

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