January 14, 2013

Florida Center for Fiscal and Economic Policy: The Facts About Florida Taxes- Among the Lowest in the Nation

ITEP Work in Action

The current emphasis in Tallahassee on cutting state taxes obscures important facts about Florida’s state tax system and about choices available to balance the budget and meet the needs of Floridians.

When Governor Rick Scott unveils his first budget proposal Monday, it is expected to include a reduction in the corporate income tax rate and perhaps other cuts in state taxes. These cuts would further reduce revenue even though state government is already several billion dollars short of having enough money to fulfill its basic responsibilities.

Read the Full Report (PDF)