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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.
Income Tax. Florida is one of only seven states that have no personal income tax. The state tax on intangible assets such as stocks, bonds and mutual funds was repealed in 2007 so this type of property is no longer taxed. Florida does impose a 5.5 percent corporate income tax.