Sunday, June 17, 2007

Florida's low tax burden

A very interesting editorial in the Daytona Beach News Journal discusses the fact that Florida is, and has been, in the bottom 25% of all states as far as its local-state tax burden. As the writer notes:
Only 12 states bear a state-local tax burden lower than Florida, according to the 2007 Bureau of Economic Analysis (Department of Commerce). Those 12 states are Alabama, Alaska, Delaware, Montana, New Hampshire, New Mexico, North Dakota, Oklahoma, South Dakota, Tennessee, Texas, and Wyoming.
. . .

The findings for Florida show that in a 37-year period, Florida's average ranking is 41.

The writer's thesis seems to be that Florida already has an extremely low tax burden when compared to other states, which brings more business and population here, but with no clear revenue plan for dealing with the influx of population we are simply digging a deeper hole for ourselves.

When compared to other states, does it really seem like Florida has a tax crisis? Our governor and state legislators seem to think so. I'm not so sure...

1 comment:

Anonymous said...

NO KIDDING!!!!!! That's why this whole idea that the 1/2 cent sales tax wrecking the economy is such a red herring. What's going to wreck our economy is when our local health care system collapses.

 
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