Reported 1 day ago
A recent analysis reveals that the top 1% of earners in Florida pay approximately 53.6% of the state's total income tax, contributing around $96 billion. With an average tax rate of 25.98% and an adjusted gross income totaling $370 billion for this group, Florida ranks second in the U.S. for the income tax share paid by its wealthiest residents, just behind Wyoming.
Source: YAHOO