deducting the Florida intangible tax

Yes. Report it along with taxes.

The Fla intangible tax has been repealed

___________________________________

-----> real address on hobokeni or hobokenx

Brother Yazersky is correct, thanks to former Governor Jeb.

It is hard to tell, but the OP _might_ be confusing the late unlamented intangible personal property tax with the Florida Documentary Stamp Tax, which applies to mortgages, liens, bonds, deeds, loans and other forms of indebtedness. I suppose it could be considered an intangible type tax. I do not remember whether it is deductible.

Bill

I remember several years ago when Florida either enacted or threatened to enact a sales tax on professional services. What's the status of that? Stu

To clarify: The documentary stamp tax is a one time charge on registered documents such as those listed above, among others. The tax rate ranges from $.35 to $.70 per $100 valuation depending on the document type. For more information, see:

It got "retracted."

It's interesting now in Georgia, for there is a proposal to abolish property taxes in toto. Georgia would therefore be the first state to do so. To compensate for the revenue, the sales tax base would be broadened AND a tax on services would be put in place, just like the Florida experiment.

I doubt that it will pass, right Paul?

ChEAr$, Harlan Lunsford, EA n LA

Moderator: I have a real problem with abolishing property taxes as they are what is suppose to fund K-12 education, police and fire departments, and sanitation (water, sewer, and and garbage collection.

If there was ever a tax break for those living in expensive houses, landlords, and corportaions and shifting the tax burden to renters and the poor, this is it! Please keep in mind that it is against my religion to raise taxes and to shaft the labor class. Has LaRouche Movement taken over the Georgia Legislature?

BTW: I will not be able to tack on responses when we go to robo-moderation.

As far as I know, there is currently no Florida sales tax on professional services. It comes up almost annually as a part of "sales tax reform" -- which does not happen. In 1987, the legislature did pass a law that subjected professionals, advertisers and others to Florida sales tax wherever in the US they were located. It was so bizarre that I can only refer you to a NY Times article from that time. (see below) Objections and threatened and actual boycotts were so strong that the law was repealed a few months later.

(snipped...)

Can't say whether or not that LaRouche stuff has tainted the red suspender boys in Hotlanta or not. But I did hear the presentation by Georgia House speaker (forget his name right now) about a month ago, and frankly, I don't think he convinced the majority of us attending. For further discussion, see

Thanks for that, Bill. That long ago, huh? seems like only yesterday. Your hard drive must be getting full to keep all those NooYAWKer times articles for reference. (grin) What WOULD we do without..... ohnevermind.

ChEAr$, Harlan