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Tourist Lower Floridians Tax Burden

April 20th, 2016 by Mike Vasilinda

Floridians tax bill this year will top 267 billion. 7 of every ten dollars in taxes goes to the federal government, with about 80 billion paid to state and local governments. Economist Dr. Jerry Parrish says the burden of funding state and local governments would be even bigger if it were not for the contribution of tourists who come to the state.

“Visitors spent 89 point one billion dollars in this state last year on taxable goods. And so they paid around five billion dollars of our taxes for us.  So therefore that’s taxes Florida Businesses and Florida families don’t have pay” says Parrish.

The 80 billion in taxes collected in Florida is split almost equally between individuals and businesses, with business paying about 42 billion and families about 38 billion this year.

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