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Taxpayer Independence Day 2023

Research, Taxes

Tuesday, April 18, Florida TaxWatch joins the taxpayers in our state in celebrating Florida Taxpayer Independence Day 2023. On that day, Floridians are finally earning money for themselves–not for the tax collector. This symbolic date assumes that every dollar earned since January 1 goes to pay federal, state, and local tax obligations. This measure of tax burden is based on the relative size of all taxes paid in Florida to our state’s total personal income. In 2023, on average, it takes Florida 107 out of 365 days to pay its taxes, or three and a half months. Floridians are experiencing tax collections that are growing faster than the personal income to pay for them, so it will take taxpayers four more days to achieve tax independence than it did last year, when the date was April 10. After Taxpayer Independence Day came earlier in six straight years, this is the second consecutive year the date falls later on the calendar. Independence is coming nine days later this year than in 2020, when the pandemic led to reduced tax collections.

Op-Ed: Reversing Florida’s Back-Breaking Tort Tax

Op-Eds

If you are looking for a wild ride in the legal system, Florida is the place to be. Florida has taken significant steps to mitigate the effects of the state’s tort environment, specifically as it relates to the challenging property insurance marketplace. The legislature convened in May and December 2022 to pass crucial legislation (Senate Bill 2D and Senate Bill 2A) intended to help the marketplace heal from frivolous lawsuits, insurance company insolvencies, and issues resulting from natural catastrophes. (For perspective, Florida makes up 79 percent of homeowners insurance lawsuits nationwide, but only accounts for 9 percent of all homeowners insurance claims). Yet there is still a great deal of room for improvement.

How Florida Compares: Taxes 2022

Research, Taxes, Taxpayer Guide

The annual Florida TaxWatch How Florida Compares: Taxes report ranks Florida’s state and local taxes against those levied around the nation. The nearly 40 tables, charts, and graphs in this report provide comprehensive information on state and local tax rates, tax collections, and other government revenues for all 50 states, and historical information for Florida.

Instructional Expenses: Prek-12 Education Spending

Blog, Education, Research

Where and how well our school districts spend our education dollars can have a profound impact on student academic achievement and success. Historically, education makes up about one-fourth of Florida’s total budget. Florida TaxWatch believes that shifting education spending away from administrative and other expenses and toward classroom/instructional expenses is beneficial.

ARE BIG PROPERTY VALUE INCREASES GOING TO MEAN BIG TAX INCREASES?

Budget & Appropriations, Research, Taxes

Florida’s housing market is raging, with growth in property values not seen since the housing bubble. Property appraisers certified the state’s taxable value for 2022 on July 1 and these values are currently being used by local governments and school districts in setting new property tax rates and developing budgets for FY 2022-23. The growth in property values has set the stage for what could be significant tax increases for Florida’s citizens and businesses.

2022 Taxpayer Independence Day

Local Government, Research, Taxes

On Thursday, April 14, Florida TaxWatch joins the taxpayers in our state in celebrating Florida Taxpayer Independence Day 2022. On that day, Floridians are finally earning money for themselves–not for the tax collector. This symbolic date assumes that every dollar earned since January 1 goes to pay federal, state, and local tax obligations. This measure of tax burden is based on the relative size of all taxes paid in Florida to our state’s total personal income. In 2022, for the average Florida household, paying its taxes takes 103 out of 365 days, nearly three and a half months.

Comments to the Honorable Jeff Brandes, Chair, and Members of the Senate Committee on Judiciary Regarding SB 72:

Press Releases

My name is Dominic M. Calabro, and I am President and CEO of Florida TaxWatch, an independent, nonpartisan, nonprofit, taxpayer research institute and government watchdog which, for 40 years, has worked hard to improve the productivity and accountability of Florida government.  Last week, Florida TaxWatch released an independent research report entitled, “The Best Defense Is A Good Offense: The Economic Impact of Protecting  Responsible Floridians from COVID-Related Civil Liability.”  Copies of the report have been made available to members and staff of the Committee and are available at FloridaTaxWatch.org/Research.  We look forward to discussing the findings with you and your staff as the Liability Shield protections conversation progresses.

2020 How Florida Compares: Taxes

Research, Taxes, Taxpayer Guide

This report is part of our larger How Florida Compares series, which is intended to help Floridians better understand their state through data.  This report, like each report in this series, provides neutral, nonpartisan information on where Florida ranks compared to our 49 sister states and the national average.  

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