taxes

President Trump has made clear he doesn't like the alternative minimum tax, a complex federal levy that will hit some 4.8 million taxpayers this year.

A two-page tax return, filed by Trump for 2005 and revealed Tuesday, may suggest one reason. Because of the AMT, Trump was required to pay about $38 million in taxes on income of more than $150 million that year.

Without it, Trump's bill would have been a lot lower.

Rob O'Neal / Florida Keys News Service

While tourism industry groups from around the country are warning of a drop in international visitors because of President Donald Trump's immigration policies and rhetoric, the head of the Keys tourism agency said he's hearing of a different cause.

Florida’s veterans could enjoy two full months without sales tax if one South Florida lawmaker gets his way.  But he’ll face an uphill battle in a year with so little new money available.

Creative Commons

Most states tax feminine hygiene products as “luxury items.” But state lawmakers across the U.S., including in Florida, are introducing so-called “tampon tax” legislation to exempt these items from sales tax. 

Most states tax feminine hygiene products as “luxury items.” But state lawmakers across the U.S., including in Florida, are introducing so-called “tampon tax” legislation.

With the new year came a new increase to Florida’s gas tax. But it’s unlikely consumers will even notice the rate hike: it amounts to one tenth of one cent. 

Florida’s gas tax is one of the highest in the country, totaling 36.59 cents per gallon. An additional 18.4 cents goes to the federal government, before cycling back down to state projects. The revenue helps restore and maintain the state’s aging infrastructure. But like the country’s roads and bridges, the tax base is crumbling.

apennyatwork.com / Broward County and cities

This Election Day, Broward County voters are being asked to consider two half-cent sales tax increases. The proceeds would be split between the county and its cities, funding county transportation improvements and city infrastructure. But it's not just a question of, "Do we want higher taxes?" Voters have to decide whether they trust officials to carry out plans for the extra money.

taxcredits.net / Flickr Creative Commons

Gov. Rick Scott gave a State of the State speech on Tuesday that was focused almost entirely on creating jobs and cutting taxes, boasting that Florida has added more than a million jobs since he took office.

Today on WLRN-Miami Herald News, you heard:

Flickr/CreativeCommons/tax credits.net

As Floridians ring out the old and ring in the new for 2015, there’s one thing they can say “farewell” to: a tax on their insurance bills that goes toward paying hurricane damage claims.

Insurance policies issued or renewed after Jan. 1, 2015, will no longer include the hurricane tax for the Florida Catastrophe Fund. The charge shows up on most insurance bills including homeowner and auto insurance policies.

But watchdog groups are urging policyholders to check their insurance bills, anyway. 

taxcredits.net / Flickr Creative Commons

The next time you open your cellphone bill and feel it's overpriced, don’t blame your carrier alone.

Florida ranks fourth in the nation with the highest state-local taxes imposed on cellphones at 16.55 percent, according to a recent study.

The Tax Foundation tracked tax rates across different states to see how much customers were paying on their phone bills.

401(K) 2012/Flickr

  Broward County school leaders have unveiled a $900 million list of projects they want to complete over the next five years.

That includes turning portable rooms housed in mobile trailers into permanent classrooms, replacing aging air-conditioning systems and upgrading art, music and athletics facilities.

Broward County schools superintendent Robert Runcie said the district scrutinized every project on its wish list and chose those that were most important.

classblog / Flickr

Broward County property owners could pay a little more for public schools next year.

The county school board tentatively approved a $3 billion spending plan Tuesday.

The Broward County schools’ budget cuts tax rates slightly, but rising property values will mean larger tax bills for homeowners. The owner of a $225,000 home would pay $14 more per year, district officials said.

The school board is expected to take a final budget vote in September.

In November, Broward County voters will determine whether to allow the district to borrow $800 million.

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