Florida's $55B Tax Bomb: Why Every State is Next (2025) | 1450

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 26 March 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Florida's new $55 billion tax proposal aims to eliminate property taxes, turning heads nationwide. Governor DeSantis' plan could lead to significant sales tax hikes, prompting states like New Jersey, Pennsylvania, and Indiana to consider similar reforms. The shift from property to consumption-based taxes could reward saving and investing, creating a fairer system. Critics worry about funding for public services but proponents note successful examples in Texas, Florida, and countries using VAT. Real estate investors are advised to prepare for these changes ahead of 2026. The episode delves into the pros, cons, and real-world impacts of this potential tax revolution. Rachel's tax playbook: https://docs.google.com/document/d/1MTAdkD7IRcOtsMqeOaVAQXCWYiz1ZDhNuakgGZJw9Dc/edit?pli=1&tab=t.0 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terio Media.
0:04.0	Hey, strap in!
0:07.0	It's time for the epic real estate investing show.
0:10.0	We'll be your guides as we navigate the housing market, the landscape of creative financing strategies, and everything you need to swap that office chair for a beach chair.
0:19.0	If you're looking for some one-on-one help, meet us at rei-aise.com.
0:23.5	Let's go, let's go, let's go, let's go, let's go, let's go, let's go.
0:27.5	Let's go.
0:28.1	Florida just dropped a $55 billion tax bomb.
0:31.7	It's sending shockwaves across the country.
0:33.6	Governor DeSantis wants to get rid of property tax. This isn't just the biggest tax change in Florida's history, nor is it just a Florida story.
0:41.8	It's starting a chain reaction.
0:43.8	Pennsylvania, New Jersey, and Indiana are already rushing to do the same.
0:48.1	And here's why this matters to you if you own a home or invest in real estate.
0:51.9	And I'll show you by breaking down what this $55 billion
0:54.8	property tax elimination proposal looks like in real number. Point number one, Florida's
1:00.7	looking at eliminating $55 billion in property tax revenue completely. Point two, states like
1:06.8	New Jersey with the highest property tax rates are already considering similar moves. And point
1:12.1	three, this could lead to sales taxes doubling to 12% in some states. Whoa, what? Now, I know
1:18.9	what you're thinking. Sales tax at 12%? That sounds terrible. But here's what most people will miss.
1:24.1	This sales tax increase could actually be a good thing. And here's why it matters
1:28.6	to everyone, not just Florida residents. This shifts towards consumption-based taxation. It isn't
1:34.4	happening in isolation. It's part of a much bigger economic reform movement that could
	...

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