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Florida sales tax collections down by more than $750 million, preliminary reports show - May 4, 2020
Sales taxes are — by far — the most important source of state revenue in Florida, which does not levy a personal income tax and has an easy-to-avoid corporate income tax. Sales taxes account for nearly 80 percent of general revenue, the unrestricted pot of money at the heart of the state budget that is spent mostly on education and health care.
That means when people stop traveling and spending, the state’s finances collapse.
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