There is no state income tax in Florida.
Real estate is sand cheap. Buy a mansion for what a townhouse in New York City costs.
There is snow.
There are hurricanes. But you can get them in New York City, too.
Say that you earn $1,000,000 a year or more. Would you prefer to pay a state incomes tax in the 9% marginal tax rate? Or nothing?
It’s a no-brainer. People with brains are catching on.
The exodus of hedge fund managers has begun.
When will fund managers in California figure out that the same deal is available in Nevada?
Washington State offers it, too. Live in Sequim, have great weather, and ignore Jerry Brown. Immigration problem? Only from Canada. It’s manageable. The Canucks flee across the border, get their surgery in far less than 18 months, and flee back. We buy Canadian drugs by mail. They rent our surgeons. Isn’t the free market grand?