The Great American Tax Migration.
Leaving New York for Florida, where the cost of living is exorbitant, means getting back about two months of net salary.
In early June 2022, the Wall Street Journal published an interesting article on a new phenomenon called “The Great Pandemic Wealth Migration”. During Covid-19, wealthy Americans from New York and California fled to sunnier, more tax-friendly climes.
The explanation lies in the changes in the way to work that the Covid-19 pandemic induced. Covid allowed A…
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