Q&A Of The Day – Are Salaries Rising In Florida As Jobs Are Being Created?

Published: June 8, 2021, 10:40 a.m.

Florida’s lack of a state income tax leads Floridians to having the fourth lowest total tax burden in the country (only residents of Wyoming, South Dakota and Alaska have lower total tax burdens). By the time taxes are factored in, net earnings are essentially at parity with the national averages. Florida’s economic story is a good one that continues to get better.