No, Florida doesn’t have an income tax - they have a NET WORTH tax!
Tell us how much your investments are worth, send us a check...
Or they could go to Texas, which has neither.
If you have foreign investments, how does Florida determine your net worth?
How does Florida determine your net worth if your investment value fluctuates with the market?
No, Florida doesnât have an income tax - they have a NET WORTH tax!
Tell us how much your investments are worth, send us a check...
Don’t think they have this tax anymore.
“Florida ... no individual income tax[10] but has a 5.5% corporate income tax.[11] The state once had a tax on “intangible personal property” held on the first day of the year (stocks, bonds, mutual funds, money market funds, etc.), but it was abolished at the start of 2007.[12]”
What? They don't have that, or else I'm in a lot of trouble.