Search results
Results from the WOW.Com Content Network
It follows that as state's per capita income rises, its tax receipt also increases. The data between changes in per capita taxes to the national averages in ratio to the changes in the per capita income to the national average has a correlation of .88 (Leonard and Walder, Page 56-57).
The state had imposed a tax on "intangible personal property" (stocks, bonds, mutual funds, money market funds, etc.), but this tax was abolished after 2006. The state sales tax rate is 6%. [10] Local governments may levy an additional local option sales tax of up to 1.5%. A locale's use tax rate is the same as its sales tax rate, including ...
In addition to the federal government, many states also impose an estate tax, with the state version called either an estate tax or an inheritance tax. Since the 1990s, the term " death tax " has been widely used by those who want to eliminate the estate tax, because the terminology used in discussing a political issue affects popular opinion.
The state government would be in debt which was then a violation of Florida's Constitution and over 150 municipalities would also be in debt as they had defaulted on their municipal bonds [93] which had mainly been issued as a way to pay for infrastructure during the Florida land boom. [92]
March 3: Florida was admitted to the Union as the 27th U.S. state. May 26: Florida Legislature is formed succeeding the Florida Territorial Legislative Council. June 25: Florida's first elected governor, William Dunn Moseley takes office. 1848 January 8: Holmes County is established. 1849 January 18: Putnam County is established.
The economy of the state of Florida is the fourth-largest in the United States, with a $1.695 trillion gross state product (GSP) as of 2024. [1] If Florida were a sovereign nation (2024), it would rank as the world's 15th-largest economy by nominal GDP according to the International Monetary Fund , ahead of Spain and behind South Korea .
The government of Florida is established and operated according to the Constitution of Florida and is composed of three branches of government: the executive branch consisting of the governor of Florida and the other elected and appointed constitutional officers; the legislative branch, the Florida Legislature, consisting of the Senate and House; and the judicial branch consisting of the ...
He called the future of south Florida the "Empire of the Everglades" and compared its potential to that of Holland and Egypt: "It would indeed be a commentary on the intelligence and energy of the State of Florida to confess that so simple an engineering feat as the drainage of a body of land above the sea was above their power", he wrote to ...