What is the state tax rate in Florida?
This question depends on the type of state tax rate it is asking for. In regards for the sales tax rate, Florida has a rate of 6% while also administering an additional local county tax that differentiates depending on the county in which an individual lives in or does a transaction. As for what the income tax is, the state of Florida does not possess a mandate on a state income tax. Florida is among 7 states that doesn't issue a state income tax on its residents. Part of the reason is that there are so many taxed entities and corporations in Florida that the state doesn't really need to establish an income tax. They have higher gas prices than most states, and they have taxes that are placed upon dividends and stock market investments. So before you think Florida is super generous to its residents, think again.