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Florida is one of only seven states that does not tax individual wage income. It does, however, assess a state corporate income tax. The state's intangible personal property tax was eliminated in 2007. More on Florida taxes can be found in the tabbed pages below. 1  Income. 2  Sales. 3  Property. 4  Estate. 5  Other.
One of the reasons that Florida is so popular with retirees (besides the great weather 9 out of 12 months) is that there is no state income tax. Basically, if you have $250,000 taxable income, living in Florida gives you about $10,000 more after tax-dollars than living in New York.