Forum Discussion
accsys
Feb 17, 2015Explorer
Allworth wrote:
I'll throw in another twist..
In Florida there is no State Income Tax. State sales tax is six percent and counties can add up to another one percent for schools, infrastructure, emergency management, etc.
Food, drugs, professional services and a bunch of odd stuff are exempt. (He who makes the campaign contributions gets the exemptions!)
HOWEVER.. On major purchases (RVs, motor vehicles, boats) only the first $5,000 is taxable.
Then there are a bunch of other rules.
The 5,000 taxable limit only applies to the added county tax. The State rate (currently 6%) is applied to the whole purchase. For instance if you purchase a car, etc for 30,000 there will be 1,800 in state sales tax and 50 in county tax (if the county rate is 1%) for a total of 1850 in sales tax.
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