Florida residents luck out in the tax department. Recently, we mentioned that Florida rescinded virtually all of the Florida intangibles tax. That's great news for people interested in retiring in sunny Florida. The bulk of Florida's low tax burden though? Florida doesn't tax income. Florida's one of seven states in the U.S. that lacks an income tax. Actually, the state's constitution prohibits income tax. Obviously, Floridians can't escape the federal income tax, but as for state income tax, … Continue reading...