Florida
What's New
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blog
May 17, 2017Investors and Corporations Would Profit from a Federal Private School Voucher Tax Credit
A new report by the Institute on Taxation and Economic Policy (ITEP) and AASA, the School Superintendents Association, details how tax subsidies that funnel money toward private schools are being…
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report
May 17, 2017Public Loss Private Gain: How School Voucher Tax Shelters Undermine Public Education
One of the most important functions of government is to maintain a high-quality public education system. In many states, however, this objective is being undermined by tax policies that redirect…
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ITEP Work in Action
February 2, 2017Florida Policy Institute: Florida’s Shadow Budget Needs Greater Scrutiny
Silent spending, in the form of numerous kinds of tax breaks, costs Florida billions of dollars in lost revenue a year. Unlike money spent through the state budget process, this…
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ITEP Work in Action
February 2, 2017Florida Policy Institute: A Citizens Guide to Florida’s Budget
Florida is known worldwide as a vacation destination, but those of us who live here know that the way Florida takes in and spends money affects every aspect of our… -
report
September 17, 2015Low Tax for Whom?: Florida is a “Low Tax State” Overall, But Not for Families Living in Poverty
Annual data from the U.S. Census Bureau appear to lend support to Florida's reputation as a "low tax state," ranking it 48th nationally in taxes collected as a share of… -
ITEP Work in Action
April 21, 2015Integrity Florida: Subsidizing Corporate Tax Dodgers
Thanks to the data provided by CTJ/ITEP, Integrity Florida found that all of the profitable Fortune 500 corporations headquartered in Florida paid state governments in the U.S. on average a…
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ITEP Work in Action
March 12, 2015Florida Center for Fiscal and Economic Policy: Tax Fairness: An Answer to Florida’s Budget Problems
“The Institute on Taxation and Economic Policy ranks Florida as having the second most unfair (or “regressive”) tax system in the nation. Highâincome residents pay a far smaller share of… -
report
January 14, 2015Who Pays? 5th Edition
Who Pays?, A Distributional Analysis of the Tax Systems in All Fifty States (the fifth edition of the report), assesses the fairness of state and local tax systems by measuring… -
report
September 19, 2013Florida is a “Low Tax State” Overall, But Not for Families Living in Poverty
New data from the Census Bureau appear to lend support to Florida's reputation as a "low tax state," ranking it 45th nationally in taxes collected as a share of personal…
By the Numbers
| Personal Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | N/A |
| Standard Deduction |
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| Personal Exemption | N/A |
| Dependent Exemption | N/A |
| Earned Income Tax Credit (EITC) | None |
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| Corporate Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | N/A |
| Income Level at Which Top Rate Applies | N/A |
| Combined Reporting | 5.50% |
| Apportionment Factor (Payroll) | All |
| Apportionment Factor (Property) | No |
| Apportionment Factor (Sales) | 25% |
| Sales Tax Features (2015) | |
|---|---|
| State Sales Tax Rate | 6.00% |
| Average Local Sales Tax Rate | 0.65% |
| Average Combined State & Local Sales Tax Rate | 6.65% |
| State Sales Tax Treatment of Groceries | Exempt |
| Local Sales Tax Treatment of Groceries | Exempt |
| Number of Services Taxed | 63 out of 168 surveyed (2007) |
| Streamlined Sales Tax Membership | No |
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| Property Tax Features (2015) | |
|---|---|
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| Other Tax & Revenue Features (2015) | |
|---|---|
| Gasoline Tax Rate (per gallon) | $0.364 |
| Diesel Tax Rate (per gallon) | $0.305 |
| Cigarette Tax Rate (per pack) | $1.339 |
| Estate or Inheritance Tax | No |
| Net Lottery Sales Per Capita | $198 (2010) |
| Tax Policy Oversight | |
|---|---|
| Tax Expenditure Report | Yes |
| Tax Incidence Analysis Capability | None |
Last updated January 13, 2015
RESOURCES
State Tax & Revenue Information
- Florida Department of Revenue
- Florida Department of Revenue - Tax Collections & Distributions
- Florida Legislature - Office of Economic and Demographic Research