In the past few years, there’s been something of a mass migration to the two worst states in the US, and my question is why? I even had a friend who seemed pretty leftist who moved to Florida… and now it seems they’re getting ready to cull their herd.
Sometimes it is taxes. But at this point auto insurance, home insurance and such should outweigh just paying income taxes in Florida. Maybe rent prices don’t reflect it though, I don’t know.
Varies I assume, but if a company moves from CA to FL they get over a 3% income tax cut. And that boosts jobs in Florida, which would mean higher demand for jobs in Florida and less taxes paid by the person as well.
Texas I think has like no corporate income taxes, so they’d get more than 8% cut. Not sure how they make up their taxes though, so they might offset it elsewhere.
In the past few years, there’s been something of a mass migration to the two worst states in the US, and my question is why? I even had a friend who seemed pretty leftist who moved to Florida… and now it seems they’re getting ready to cull their herd.
Sometimes it is taxes. But at this point auto insurance, home insurance and such should outweigh just paying income taxes in Florida. Maybe rent prices don’t reflect it though, I don’t know.
People really move to a state based on taxes alone?
Varies I assume, but if a company moves from CA to FL they get over a 3% income tax cut. And that boosts jobs in Florida, which would mean higher demand for jobs in Florida and less taxes paid by the person as well.
Texas I think has like no corporate income taxes, so they’d get more than 8% cut. Not sure how they make up their taxes though, so they might offset it elsewhere.