By
Sadaf Knight
|
November 14, 2018

Who Gives the Greatest Share? [Clay Today]

This post was last updated on September 10, 2021. As new policies are announced, FPI will update this page.

As Florida’s response to COVID-19 takes front and center, concern grows for low-income families who struggle to take precautions against the spread of the virus. Although Congress has passed the Families First Coronavirus Response Act to address, at least in part,  the public health crisis and economic fallout from COVID-19, many barriers continue to keep struggling families from accessing the assistance they need during the pandemic. As Florida initiates policies implementing the Act and addressing other barriers to the safety net, FPI will update this form. When available, hyperlinks are provided to agency documents or statements that provide greater detail  about the new policy.
On March 22, 2020, FPI and 44 other organizations sent a letter to Governor DeSantis, leadership in the Legislature and agency heads to urge action on 47 specific policy changes to reduce unnecessary barriers for Florida’s safety net programs in response to the COVID-19 pandemic. See the letter here.

What group of Floridians contribute the greatest share of income to taxes? Not the wealthy, according to new study.

Florida ranks 48th in the nation for tax fairness, according to a recent study by the Institute on Taxation and Economic Policy, or ITEP.

The study titled, ‘Who Pays? A Distributional Analysis of the Tax Systems in All 50 States,’ evaluates all major state and local taxes, including personal and corporate income taxes, property taxes and sales and other excise taxes.

Florida has an ‘upside-down’ tax system. This means that families with the lowest incomes – under $18,700 – contribute a 12.7 percent share to state and local taxes, while the wealthiest families – those with incomes upwards of $547,800 – contribute only a 2.3 percent share.

Read more on claytodayonline.com

Downloadable Resources

There are no attachments currently.
No items found.
Related posts
No items found.