Florida residents pay 7.6 percent of their income in state, local taxation

The Center Square
August 25, 2020

(The Center Square) – Taxpayers in Florida turn over 7.6 percent of their income per capita to state and local governments, the third-lowest percentage among the 50 states, according to an analysis by the website 24/7 Wall St.

State residents pay $0 per capita annually in income tax collections, $1,330 in property taxes and $1,323 in general sales tax collections, 24/7 Wall St. reported.

Nationwide, the portion of Americans’ income turned over to pay state and local taxes averaged 9.8 percent, or just more than $5,000 a year, the analysis found. Federal taxes were not included in the study.

On average, property taxes make up the largest proportion of state and local government revenues nationwide, according to 24/7 Wall St. Those states with higher property tax rates tend to have the highest overall state and local levies, researchers said.

Seven states lack a state income tax, and many in this group had the lowest tax burdens among the 50 states, according to the analysis.

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Source: 24/7 Wall St.