Now Playing:

Tom Petty & The Heartbreakers,

“Taxman” (2003)

2 QS CONCERNING TAXES:

1) STABLE?

RELIABLE & PREDICTABLE?

2) EQUITABLE?

PROGRESSIVE OR REGRESSIVE?

Sales Tax

Property Tax

Income Tax

Corporate Tax

Excise Tax

Fees

Revenues for Florida

Income Tax, 0%

Sales Tax, 62%

Corporate Tax,

6%

Licences &

Fees, 7%

Others, 25%

Average Revenues for States

Income Tax,

34%

Sales Tax, 33%

Corporate Tax,

6%

Licences &

Fees, 6%

Others, 21%

Does Florida have

a progressive or

regressive tax

system?