Florida Tax Guide: Income Tax, Estate Tax and More

This offers an appealing financial break for retirees, investors, and military members, as it can mean they keep more of their earnings. Capital gains from investments and dividends are not taxed at the state or local level, another by-product of Florida not having a personal income tax. U.S. Secretary of State Marco Rubio wanted to swap property taxes on homes for an increase in the sales tax when he was speaker of the Florida House of Representatives in the late 2000s. LaMarca was skeptical of the idea that the obligation to pay property taxes means someone doesn’t own their own.

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