Is Florida a Tax-Friendly State?

Is Florida a Tax-Friendly State?

Florida has become a refuge for retirees and migrants due to its beautiful 
beaches, cultural diversity, and business-friendly environment. Its appeal 
lies primarily in the absence of personal income tax and low taxes on sales, 
property, and corporations, which drive its thriving economy. The state 
constitution prohibits income tax collection and limits new tax increases, 
maintaining a low-spending government. Florida also exempts pensions 
and Social Security benefits, making it particularly attractive for retirees.
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