Florida is one of only seven states that does not tax individual wage income. It does, however, assess a state corporate income tax. The state's intangible personal property tax was eliminated in 2007. More on Florida taxes can be found in the tabbed pages below.
Income
Sales
Property
Income
Sales
Property
Estate
There is no inheritance tax.
Florida's estate tax was tied to the federal estate tax laws. As such, federal law changes meant Florida's estate tax was eliminated for estates of those who died after December 31, 2004.
There is no inheritance tax.
Florida's estate tax was tied to the federal estate tax laws. As such, federal law changes meant Florida's estate tax was eliminated for estates of those who died after December 31, 2004.
Personal income tax
Florida residents pay no personal income tax.
The state's intangible tax on stocks, bonds, and mutual and money market funds has been repealed for 2007.
Florida residents pay no personal income tax.
The state's intangible tax on stocks, bonds, and mutual and money market funds has been repealed for 2007.
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