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To: SeekAndFind

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.


2 posted on 12/23/2015 7:54:51 AM PST by Redbob (#BlackCoffeeMatters)
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To: Redbob

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?


3 posted on 12/23/2015 7:57:06 AM PST by SeekAndFind
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To: Redbob

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...


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]”


9 posted on 12/23/2015 10:53:20 AM PST by chaosagent (Remember, no matter how you slice it, forbidden fruit still tastes the sweetest!)
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To: Redbob
No, Florida doesn’t have an income tax - they have a NET WORTH tax.
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What? They don't have that, or else I'm in a lot of trouble.

10 posted on 12/23/2015 11:07:13 AM PST by kara37
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