"The total income of the three amusement parks in Disney World is around $17 billion a year." A 1% local sales on this would be $170 million a year. Then you add property taxes.
Ah, but the GOP-run state doesn’t like new taxes. The state doesn’t collect income tax and largely relies on taxing the tourists. Between state tax and county hotel tax, locals are already getting a ~20% cut.
The state is already reeling from losing ~6% of its annual revenue from 2020 and the state keeps growing.
At what point does the third-largest state need to implement state income tax to keep quality of life from becoming third-world? It’s a political third rail.
The state is already reeling from losing ~6% of its annual revenue from 2020 and the state keeps growing.
At what point does the third-largest state need to implement state income tax to keep quality of life from becoming third-world? It’s a political third rail.