4 ms·
Florida is a net payer. California is a net beneficiary even though they have so many high end jobs. This includes medicare, social security etc. https://www.b
by username90 5y ago
Florida is a net payer. California is a net beneficiary even though they have so many high end jobs. This includes medicare, social security etc.
https://www.businessinsider.com/federal-taxes-federal-services-difference-by-state-2019-1?r=US&IR=T#florida-9 https://www.businessinsider.com/federal-taxes-federal-servic...
- lotsofpulp 5y agoI am not sure why net payer/net beneficiary is relevant, but your link states the opposite of your claim. >The majority of states receive more in federal services than what they pay in federal taxes, but 11 states, including California and New Jersey, spend more than they receive. >We described the difference as the balance of payments. For example, California's balance of payments is -$13.7 billion. This means California residents get less in return than they pay for. >In California, each resident is sending in $348 more than they get back. >Florida: Total balance of payments: $62.4 billion Per capita balance of payments: $2,977 Its also from Sep 2017, after which there were considerable changes to the tax code so it is probably outdated.
- cptskippy 5y agoCalifornia receives $12 per resident in Federal aid, Florida receives $2187 per resident. https://worldpopulationreview.com/state-rankings/federal-aid-by-state https://worldpopulationreview.com/state-rankings/federal-aid...