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Most & Least Taxing States: 2014

By Rebecca Helmes of Bloomberg BNA - 2014-04-14T23:05:22Z

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Retirees and millionaires have good reason to flock to Florida, since it has no personal income tax, inheritance tax or estate tax. Still, the state is projected to have more money to play with this year after state economists forecast a $1.2 billion budget surplus, thanks in part to increased sales tax revenue. Governor Rick Scott has proposed using some of the surplus to cut $500 million in taxes and fees.