January 14, 2013

Florida Center for Fiscal and Economic Policy: Unbalancing Florida’s Tax System: Eliminating Taxes on Wealth Has Shifted the Burden to Other Floridians

ITEP Work in Action

Florida’s state tax structure has become even more heavily weighted against the poor and middle class, even as the numbers of poor and near-poor Floridians increase and the share of income held by the wealthy continues to rise.1

Choices made by state political leaders and Congress in the last decade have made Florida’s tax structure more unbalanced and less fair. Their actions have shifted the cost of necessary state services more heavily onto those least able to pay, in a state already second-worst in the nation on tax fairness.2

A good state tax system should provide adequate revenues, use a variety of revenue sources, and minimize taxes on low-income individuals.

Read the Full Report (PDF)