High Tax Exodus to Florida
High Tax Exodus to Florida
Do you live in New York, New Jersey, Connecticut or California?
Is your state and local tax deduction substantially higher than the $10,000?
Most states have tied their tax codes closely to the federal code. Since the federal income tax was first levied in 1913, taxpayers have been able to deduct the state and local taxes they pay from their federal taxable income. Taxpayers who live in states with higher tax rates are able to deduct more from their federal taxes than those who live in states with lower rates
Business dollars go a lot farther in Florida given the state’s tax advantages, tax exemptions and no state personal income tax. Businesses thrive in this low-tax environment, and employees enjoy the benefit of no personal income tax.
If you have an interest in buying a business in Florida we should talk. Some of the tools being used to buy a business are seller financing, SBA financing, your existing retirement account, Additionally, if you are relocating to Florida my Real Estate company, United Realty Group has agents throughout Florida and will provide a seamless transition for you.
Please contact me via email for the quickest response:
Edward Sklar, Business Broker & REALTOR
South Florida for Me/United Realty Group
edwardsklar@southfloridaforme.com
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