How does Tennessee make money with no income tax?
For example, the state of Tennessee does not require individuals to pay a state income tax, however it charges its residents the highest state sales tax levied within the United States, coming in as high as 9.44% in combined state and local sales tax rates.
How does state of Florida make money?
How does the State of Florida make money? Florida makes money by collecting sales taxes, documentary stamp taxes, insurance taxes, corporate income taxes, property taxes, and charges for services offered by the government.
Why does Florida have no income tax?
In 1968, the Florida Constitution was ratified to prevent the state from collecting an income tax. And the state constitution protects taxpayers from having the state impose new taxes or raise them.