September 25, 2015

Orlando Sentinel: Florida nice to rich, mean to poor, tax survey says

media mention

 

“WalletHub first surveyed over 1,000 Americans on what they consider a fair state and local tax system. The site then used data from the Institute on Taxation and Economic Policy and compared the real state and local tax burden of households to what Americans think is fair at various income levels.
Most respondents said state and local tax systems are fair when higher-income households pay a greater percentage of their income in taxes than lower-income households.
Florida’s sales tax is 6 percent, with most counties adding 1 percent on top of that. But the state’s core revenue source is generally considered regressive because wealthier people spend a smaller portion of their income on goods and services than poorer people.”

“WalletHub first surveyed over 1,000 Americans on what they consider a fair state and local tax system. The site then used data from the Institute on Taxation and Economic Policy and compared the real state and local tax burden of households to what Americans think is fair at various income levels.

Most respondents said state and local tax systems are fair when higher-income households pay a greater percentage of their income in taxes than lower-income households.

Florida’s sales tax is 6 percent, with most counties adding 1 percent on top of that. But the state’s core revenue source is generally considered regressive because wealthier people spend a smaller portion of their income on goods and services than poorer people.”

 

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