Tuesday, November 16, 2010

Poverty rises in Florida,
while tax breaks benefit the wealthy

The number of Floridians living below the federal poverty level increased between 2007 and 2009 by almost 550,000 -- equal to the population of the cities of Orlando and Tampa combined.

New U.S. Census figures show about 2.7 million Floridians, or 14.9%, lived in poverty in 2009, a sharp rise over 2007's 12.1%. Among children below age 18, 852,000 lived in poverty in 2009, driving the child poverty rate to 21.3% from 17.1% in 2007.

But while more low- and moderate-income residents of Florida struggle to make ends meet and hundreds of thousands fall into poverty, many Floridians with the greatest wealth receive tax breaks.

The poorest 20% of Floridians paid an average of 13.5% of their income in Florida taxes in 2009, while the wealthiest 1% percent paid 2.1% of their income, on average, according to the Institute on Taxation and Economic Policy. State and local taxes paid by the poorest 20% of non-elderly Floridians ($10,500 average income) are the second-highest in the nation.

Read Alan Stonecipher's commentary in the Ocala Star-Banner here.

3 Comments:

At 6:03 PM, Blogger R said...

I guess thats why I moved to Texas,NO state income tax.

 
At 12:34 AM, Blogger cv said...

I am also planning to move to Texas..cheers


Blank CV template

 
At 10:31 AM, Blogger Jacqueline Dowd said...

Florida does not have a state income tax. This post is about other taxes -- like sales tax that everyone pays (even tourists).

 

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