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December 31, 2018

Florida's Tax Structure Gamed Against the Poor [St. Augustine Record]

Florida's Tax Structure Gamed Against the Poor [St. Augustine Record]

The St. Augustine Record Editorial Board writes:

“As many firm up the choices we’ll make at the polls next week (and kudos to you early voters as well), we came across some information that might be worth taking a look at.

One of the big issues, especially in the governor’s race, is taxation. Ron DeSantis pretty much sticks to the GOP mantra of ‘no new taxes’ while Andrew Gillum holds the Democratic Party line of higher wages for teachers, paid for by upping corporate taxation commensurately.

The Florida Policy Institute [emphasis added] is about as nonpartisan as think tanks get. At the very least it seems be thorough in its studies.

One of its recent papers tells us something unexpected: ‘Florida’s reputation as a “low-tax” state belies the reality that is, in fact, a high-tax state for low- and moderate-income residents.’

In fact, Florida ranks 48th in the nation for tax fairness. The Institute calls Florida’s tax system upside-down, making it the ninth highest-tax state in the country for low-income families.'”

Read more on staugustine.com

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