No More Property Tax?

Not that it is really a debatable issue any longer (at least not now), on the ballot was a tax swap amendment goaled at reducing Florida property tax by up to 40% and substituting the lost revenue with consumption taxes such as an increases sales tax, eliminating sales tax exemptions, and possibly a state income tax.  In order to replace the revenue, the state would likely have to adopt up to a 3% sales tax increase and institute a state income tax, even though Florida, at this time, has no state income tax.

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