State of Florida proposing sales tax hike?

Question

The state of Florida is trying to pass a sales tax hike of 2 .5 percent so the wealthy home owners will not have to pay property tax. It is bad enough that us renters have to pay high rent, now they want us to pay their property tax too. What next? What do you think? Please only Floridians respond.

I like your answer bostanion....

Answer 1

Well, even though you wanted answers from FL only, I'm going to throw in my 2 cents as a former TX resident for many years. TX is a lot like FL (aside from having been governed by Bushes) in that they have high property and sales taxes but no income tax.

You're beginning to see the real cost of not having an income tax. That money has to come from somewhere and the only things left to tax is property and purchases.

I owned real estate in TX for many years until recently. The property taxes I paid in TX were more than 5 times higher than they are on my home in MO now. Of course, MO has an income tax and the sales taxes are slightly lower than FL or TX is. The funny thing is that my combined property tax and income tax bill in MO (high 5 salary, by the way) are LOWER than the property taxes alone were on the property in TX!

This should tell you something. Having no income tax is often NOTHING to brag about!

Answer 2

Politicians are not getting inventory strategies via their elected positions. it fairly is the government, no longer GM they are working for. they have staggering medical health insurance and pension classes, nonetheless. it fairly is not an incentive plan, yet a promise to no longer boost taxes on those earning under $250,000. McCain desires to verify that absolutely everyone who makes a killing advertising inventory isn't taxed on it, by potential of removing the already low capital positive factors tax (at present 20-25%), helping the rich. Warren Buffett replaced into in a decrease tax bracket than his secretary through low capital positive factors tax in spite of the reality that he's a billionaire.

Answer 3

Guess maybe you need to weigh the pro's and con's of living there. As to the tax burden shift, get used to it, its never been worse and it probably isnt going to get any better. The rich are getting richer now much faster than ever before, and its moves like you mention that helps them do so. I'm not from Flda, sorry, but I have relocated for the same kind of reason you mentioned.

Answer 4

i live in miami florida !! i think that its rediculous ... its hard enough as it is to live they way we are now and now they want to charge us 2.5 percent more... i thinks its a bunch of bull sh*t!!