Quantcast

Key West Reporter

Thursday, November 7, 2024

Residents and visitors to Florida paid $46 billion in taxes in 2018

Adobestock 292792148

Adobe Stock

Adobe Stock

Florida collected $46 billion in taxes in 2018, a 11.2 percent increase from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from sales and gross receipts taxes ($38.5 billion) and other taxes ($3 billion).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

2018 Florida Tax Collections
Type of TaxAmount
Property taxes$0
Sales and gross receipts taxes$38,456,615,000
License taxes$2,123,462,000
Income taxes$2,426,900,000
Other taxes$2,954,227,000
General sales and gross receipts taxes$29,562,900,000
Selective sales and gross receipts taxes$8,893,715,000
Alcoholic beverages sales tax$293,098,000
Amusements sales tax$207,460,000
Insurance premiums sales tax$1,084,872,000
Motor fuels sales tax$2,799,610,000
Pari-mutuels sales tax$8,352,000
Public utilities sales tax$2,387,900,000
Tobacco products sales tax$1,172,492,000
Other selective sales and gross receipts taxes$939,931,000
Alcoholic beverages license$6,418,000
Amusements license$16,000,000
Corporations in general license$263,623,000
Hunting and fishing license$16,629,000
Motor vehicle license$1,449,604,000
Motor vehicle operators license$165,332,000
Public utilities license$24,424,000
Occupation and business license, nec$171,749,000
Other license taxes$9,683,000
Individual income taxes$0
Corporations net income taxes$2,426,900,000
Death and gift taxes$1,927,000
Documentary and stock transfer taxes$2,916,100,000
Severance taxes$36,200,000
Taxes, nec$0

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS