Florida State Income Tax - Tax Year 2012
Florida Income Tax Table
|Tax Bracket (Single) ||Tax Bracket (Couple) ||Marginal Tax Rate|
Note: Florida has no state income tax. Only the Federal Income Tax applies.
The Florida Income Tax
Florida has no state income tax, so residents of Florida pay only the Federal Income Tax on most forms of income. In place of a state income tax, Florida generates revenue through other state taxes like the Florida Sales Tax and various excise taxes on the sale of certain goods.
Cities and municipal governments in Florida gain revenue through Florida property taxes and local sales tax surcharges.
An income tax on intangible personal property (such as stocks and bonds), similar to the limited income taxes in Tennessee and New Hampshire, was repealed in 2007. There are -40 days left until Tax Day, on April 15th 2013.
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- Our state ranking and income tax figures are based on a family of four (married parents with two children) earning the national median household income of $50,000 per year. Deductions and personal exemptions are taken into account, but some state-specific deductions and tax credit programs may not be accounted for.
- Before the official 2013 Florida income tax rates are released, provisional 2013 tax rates are based on Florida's 2012 income tax brackets.
- The 2013 state personal income tax brackets are updated from the Florida Department of Revenue and Tax Foundation data.
- Florida tax forms are sourced from the Florida Department of Revenue income tax forms page, and are updated on a yearly basis. Please make sure the Florida forms you are using are up-to-date.