Master Brokers Forum — Headlines
The tax escape map: Billionaires are bolting for Florida from the West Coast and taking some $29 billion in tax revenue with them
"The billionaire exodus from the West Coast to Florida is underway as the ultrawealthy seek refuge from wealth taxes in states like California and Washington...Some of the reasons for the billionaires’ departure is the attractiveness of Florida’s low taxes as well as its nice weather. The state has no income tax and no capital gains tax, and Miami, in particular, has branded itself as a business-friendly alternative to high-tax cities in California and elsewhere." (Article link below.)
https://fortune.com/article/tax-escape-map-billionaires-bolting-for-florida-from-the-west-coast-taking-29-billion-in-tax-revenue-with-them/