March 12, 2015

Florida Center for Fiscal and Economic Policy: Tax Fairness: An Answer to Florida’s Budget Problems

ITEP Work in Action

“The Institute on Taxation and Economic Policy ranks Florida as having the second most unfair (or “regressive”) tax system in the nation. High‐income residents pay a far smaller share of their income in state and local taxes than middle class residents. The high‐income one percent of Floridians pay just 1.9 percent of their income in taxes, while the middle fifth pay more than four times that rate: 8.5 percent. Florida’s lowest income families pay even more: 12.9 percent, nearly seven times the rate of the top one percent.”

Read the full report here.