I’ve lost track of how many times people have mentioned the ‘horrible taxation’ in Florida as a reason not to live here!

I have some great news.

I don’t know how many of you have head of The Tax Foundation - a non-partisan tax research group based in Washington D.C.

In their own words:

“The mission of the Tax Foundation is to educate taxpayers about sound tax policy and the size of the tax burden borne by Americans at all levels of government. From its founding in 1937, the Tax Foundation has been grounded in the belief that the dissemination of basic information about government finance is the foundation of sound policy in a free society.”

According to a study that they just released, Florida actually has the FIFTH BEST tax climate in the country. 

In arriving at this conclusion they looked at (at least):

• Property Tax
• Individual Income Tax
• Corporate Tax
• Sales Tax AND
• Unemployment Tax

While it is true that Florida does have high PROPERTY TAXES, in actuality they are the 19th best in the country - certainly lower then New York, New Jersey, Massachusetts, Connecticut, Vermont and Rhode Island.  So for those of you in the Northeast part of the country, you had better come up with a better excuse!

In addition, Florida is one of 7 states that DON’T have a STATE INCOME TAX.

Also while several states have INCREASED their ESTATE TAX RATES over the years, Florida dosen’t even have one.

If the misconception about the tax situation in Florida has kept you from buying here, I hope this will help to clear things up.  We still have a strong Buyers’ Market and prices are low - but they won’t be that way forever…………

This article was supplied by Marc Blasi and http://www.palmbeachrealestateandloans.com/0045A4