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How Does Florida Compare?

Explore Florida's tax structure compared to other states, analyzing state and local taxes, highlighting rankings and key revenue sources.

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How Does Florida Compare?

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  1. How Does Florida Compare? State and Local Taxes June 26, 2007 Dominic M. Calabro President and CEO, Florida TaxWatch

  2. Comparing Florida’s Tax Structure • Relative to other states, Florida’s tax burden is lower than average, but getting closer to that average • Floridians’ state tax burden is well below average, but our local tax burden, fueled by property taxes, is higher • Floridians’ combined state and local tax burden now ranks 26th per capita and 36th as a percent of personal income • When all “own source” revenue is considered, Floridians’ relative burden gets larger. Florida’s local rank for these revenues as a percent of income is 3rd and its combined state and local rank is 29th • Florida is one of seven states without a personal income tax

  3. Florida’s Tax Structure (cont.) • Florida state government relies heavily on the general sales tax. Our per capita collections are fifth largest, one and a half times the national average • Transaction taxes (general and selective sales) make up 74% of Florida’s state tax collections, compared to the national average of 47% • Florida taxes purchases of alcoholic beverages and utilities heavier than average and when local taxes are included, Florida’s top gas tax rate is the nation’s fourth highest • Florida relies more heavily than most states on local governments to fund the state’s needs. More than half of all government “own source” revenue in Florida is collected at the local level

  4. Percentage of Total State Taxes Provided by Each Source U.S. FLORIDA Transaction Taxes = Sales Taxes + Selective Sales Taxes Florida = 74% U.S. = 47% Source: Florida TaxWatch and U.S. Department of Commerce, May 2007.

  5. State General Sales Tax Rates As of January 1, 2007 7.25% California 7% Mississippi, New Jersey, Rhode Island, Tennessee 6.5% Minnesota, Nevada, Washington 6.25% Illinois, Texas 6% Arkansas, Connecticut, FLORIDA, Kentucky, Idaho, Indiana, Michigan, Pennsylvania, Vermont, West Virginia 5.6% Arizona 5.5% Nebraska, Ohio 5.3% Kansas 5% Iowa, Maine, Maryland, Massachusetts, New Mexico, North Dakota, South Carolina, Virginia, Wisconsin 4.75% Utah 4.5% Oklahoma 4.25% North Carolina 4.225% Missouri 4% Alabama, Georgia, Hawaii, Louisiana, New York, South Dakota, Wyoming 2.9% Colorado No Tax Alaska, Delaware, Montana, New Hampshire, Oregon Source: National Federation of Tax Administrators and Florida TaxWatch, May 2007.

  6. Percentage of Total State and Local Taxes by Source FLORIDA U.S. Source: Florida TaxWatch and U.S. Department of Commerce, May 2007.

  7. Summary of Tax and Revenue Rankings Taxes Per Capita Tax Florida Rank U.S Average State Taxes (FY 2006) $2,085 38 $2,373 State Own Source 2,462 42 2,954 Revenue Local Taxes (FY 2005) 1,460 19 1,515 Local Own Source 2,651 6 2,396 Revenue State & Local Taxes 3,365 26 3,706 (FY 2005) S&L Own Source Revenue 5,113 26 5,350 Source: Florida TaxWatch and U.S. Department of Commerce, May 2007.

  8. Summary of Tax Rankings FY 2006 Taxes Per Capita Tax Florida Rank U.S Average State Taxes $2,085 38 $2,373 General Sales Taxes 1,165 5 677 Selective Sales Taxes 381 22 348 Documentary Stamp 280 1 40 License 106 35 152 Corporate Income 135 31 159 Property 11 21 39 Personal Income No Tax No Tax 821 Local Taxes (FY 2005) 1,460 19 1,515 Property 1,129 15 1,096 Source: Florida TaxWatch and U.S. Department of Commerce, May 2007.

  9. Summary of Tax and Revenue Rankings Taxes Per $1000 Personal Income Tax Florida Rank U.S Average State Taxes (FY 2006) $61.58 41 $69.11 State Own Source Gen Rev 77.52 43 89.94 Local Taxes (FY 2005) 45.96 17 46.14 Local Own Source Gen Rev 83.48 3 72.96 State & Local Taxes (FY 2005) 105.95 36 112.84 S&L Own Source Gen Rev 160.99 29 162.90 Source: Florida TaxWatch and U.S. Department of Commerce, May 2007.

  10. Florida Has the 4th Highest Percentage of Total Revenue Provided By Local Government Florida: 52% U.S Average: 45% Source: Florida TaxWatch and U.S. Department of Commerce, May 2007.

  11. State Taxes As A Percentage Of Personal Income Source: Florida TaxWatch and U.S. Department of Commerce, May 2007.

  12. Florida’s Tax Growth 1995-2005 ($ in Billions) Total Growth 1995-2005 State Taxes: Florida 82.6% U.S. 62.4% Local Taxes: Florida 94.7% U.S. 71.5%

  13. Thank you for your interest in Florida TaxWatch.For more information, please visit: www.FloridaTaxWatch.org

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