Hopefully this new nugget helps you by helping the tax season: a Wallethub survey shows that Florida has one of the lowest tax rates in the United States.
And we are not talking about income tax.
Wallethub analyzed the national and local tax rates between the 50 states and Washington, DC, and compared to National Medians to form the ranking.
“Because the tax on the tax of this year, April 15, is getting closer, it is fair to wonder which states give their taxpayers more a break-which is especially useful during this period of high inflation,” the company writes in the study.
So let’s go in.
Florida is number 8 of the lowest state and local tax rates
Wallethub says that of Florida Effective total state and local tax rates There is only 8.67 percent on the median American household.
And if you adjust that on the basis of the costs of Living Index, the Sunshine State is even higher at number 6.
But that’s not all. Florida is also bound by the lowest income tax and the lowest vehicle tax.
Where it does not do so well is in real estate tax and is number 24.
Yet it can be worse.
Lowest and highest tax rates
The number 1 place for the lowest effective total state and local tax rates is Alaska, with a low rate of 6.77 percent.
And at the bottom of the peloton is Illinois, where the rate is 16.58 percent, says Wallethub.
“For example, taxpayers in the most tax-durable states pay more than twice more than those in the cheapest states,” the company writes.
Moreover, taxes will always exist in one or more existence: “But surprising, however, however, low income taxes do not always mean low taxes as a whole. For example, while the state of the State of Washington does not pay income tax, they still end from almost 9% of their annual income and calls the income of their income of their income, but one of their income is only one of their income of their income, but one of their% of their income is one of their% of their income, but one of their% of their% of their income, but one of their% of their% of their income, but one of their% of their% of their income, but one of their% of their income, but one of their% of their income, but one of their% of their income, but one of their% of their income. turnover and excise duties, and only 0.71% in real estate tax.
So if the only two particular things in this life are death and taxes, it seems that one of those setbacks is slightly more bearable in Florida.
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