February 9, 2021

Tampa Bay Times: Florida Should Close Tax Loopholes for Corporations | Column

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Because of its lopsided reliance on sales tax — which forces poorer people to pay a larger share of their income in taxes than richer people — Florida has one of the most unequal tax structures in the country, according to the nonpartisan Institute on Taxation and Economic Policy. The poorest 20 percent of Florida families pay 12.7 percent of their income in state and local taxes — while the richest 1 percent pay just 2.3 percent.

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