The Sunshine State offers a host of financial and tax benefits. 

  • Florida residents likely enjoy significantly reduced tax obligations compared to many other states.
  • Florida does not impose a personal income tax, an inheritance tax, a gift tax, or an intangible personal property tax.
  • The more ties you have to Florida, the more likely your Florida domicile will be respected.

While Florida is commonly known for its year-round sunshine and beautiful sandy beaches, it’s also home to many tax and financial advantages as well. Generally considered a low-tax state, Florida residents likely enjoy significantly reduced tax obligations compared to those of many other states. Florida does not impose a personal income tax, an inheritance tax, a gift tax, or an intangible personal property tax. Florida tax laws are governed under the Florida Constitution and would require a super-majority to evoke change.

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