A 10 percent surtax on incomes over $2 million should be levied on wages and salaries and investment income gained from wealth, including capital gains and dividends.
Though Palm Coast government is proposing to keep its property tax rate flat, a valuation increase of 9 percent will equate to a tax increase, though homesteaded property owners won’t feel it.
A bill supported by Democrats and Republicans would make permanent a program that bars the IRS from ever developing its own online tax filing service.
On the local government level, the proposal would identify as a tax any new or increased special assessment or non-ad valorem assessment, impact fee or mobility fee, and franchise fee.
Whether it’s the Corps of Engineers’ plan for 2.6 miles of Flagler Beach sands or Flagler County’s ongoing dune-rebuilding over 12 miles, there’s no money to sustain either, yet officials are mortgaging the county’s future on a blank check.
Property owners started receiving their tax notices in the mail last week. the numbers are not as dire as feared or as they seem, particularly when a tax bill is looked at whole rather than in its various parts.
Florida’s sales tax holiday on school supplies, clothing, shoes and other select accessories is this weekend–starting at a minute after midnight Friday, Aug. 3, through midnight Sunday, Aug. 5.
Higher values ease pressure on government revenue but a potential increase in the homestead exemption would reduce revenue by millions, absent tax hikes.
Expanded from three days last year, the tax holiday has drawn added attention after Florida experienced hurricanes in 2016 and 2017 after a decade’s calm.
The Flagler County Tax Collector, not the state Department of Revenue, will be collecting the 5 percent tax on short term rentals starting in July–a tax hundreds of property owners are evading currently.