California and Florida have fundamentally different tax philosophies: California employs a progressive income tax system with rates ranging from 1% to 13% for top earners, while Florida maintains a 0% income tax across all income levels. However, California compensates with lower property taxes (0.75% vs Florida's 0.91%), lower sales taxes (7.25% vs 6%), and significantly lower gas taxes (77 cents/gallon vs 35 cents/gallon). Florida offers lower corporate income taxes (5.5% vs 8.84%). This comparison illustrates how states balance different tax categories to achieve similar revenue goals while reflecting distinct economic philosophies.
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California vs. Florida: Who actually has the better tax system?Hinzugefügt:
vastly different income tax rates. Okay, it's it is what it is. These are the facts. California's highest rate for top earners 13% married couple for example in California earning a medium income of 84,000. They have a 6% income tax in the state of California. Florida's income tax rate is 0% across all salaries, but it goes beyond income taxes. Property taxes are lower in California, but everything else is higher. Let's take a look at the numbers. These are the facts. The average property tax in California 0.75% Florida 0.91% sales tax California 7.25% Florida 6% gas tax rate California 77 cents a gallon. That is a low estimate.
It's up to a dollar when you include mandatory fees and in Florida it's 35 cents. Corporate income tax California 8.84% Florida 5.5% Governor Newsom, this is your question.
Let me ask you. Obviously, you support a different philosophy which is >> Absolutely. higher taxes.
>> Yes. Uh No, well no, no, no, hold on. We we have a >> question, Governor.
>> this is a very different different approach and I agree with you completely.
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