Part 5/9:
Understanding State Revenue and Tax Dependencies
To grasp the viability of DeSantis's proposal, one must explore how Florida generates revenue. The state operates without a personal income tax, primarily relying on sales taxes, corporate taxes, and tourism-related revenues, alongside local property taxes, which considerably fund essential services like education and public safety. Eliminating property taxes without an alternative funding source could devastate these services unless substantial adjustments are made.