fbpx

Compare Listings

Florida Gained $17.7B Net Income In Just One Year From New Residents

Florida Gained $17.7B Net Income In Just One Year From New Residents

Florida Gained $17.7B Net Income In Just One Year From New Residents

Close to 1,000 new residents are migrating every day to Florida, and it is creating big gains in taxable income for the state (Florida doesn’t tax income) a new study by Lendingtree shows. Florida is by far the biggest winner in net income gains created by residents moving from another state, the analysis concludes.

IRS information from 2016 was utilized for the investigation – even before the State and Local Tax (SALT) finding top was passed in 2017 which made moving to Florida substantially more great. Florida’s new inhabitants got a net $17.7 billion in balanced gross salary to the state, including those moving both to and from the state during the year. That was far bigger than some other state (runner up was South Carolina at $2.3 billion). The greatest washouts in 2016 were New York, Illinois, New Jersey, Pennsylvania, and Connecticut.

img

nicolaszennaro

International Real Estate Agent in Miami with ONE Sotheby's International Realty. With multiple years of experience working in Real Estate on the French Riviera. Global client network with a strong background and extensive know how in digital marketing applied to Real Estate. Focused and dedicated to clients first. Committed in delivering the best results to property buyers and sellers.

Related posts

Real Estate Will Change Forever Post COVID-19. Top Developers Explain what’s New

Real Estate Will Change Forever Post COVID-19. Top Developers Explain what's New In under about...

Continue reading
by nicolaszennaro

Porsche Design Tower : Revisiting to See What It’s Like to Live Inside a Porsche-Branded Skyscraper

Porsche Design Tower : Revisiting to See What It’s Like to Live Inside a Porsche-Branded...

Continue reading
by nicolaszennaro

Luxury Condo Sales Remain with Ritz Carlton Sunny Isles Penthouse Sold for $21 million

Luxury Condo Sales Remain with Ritz Carlton Sunny Isles Penthouse sold for $21 million Luxury...

Continue reading
by nicolaszennaro

Join The Discussion

Open chat
👋 this is Nick Zennaro, I speak 🇺🇸🇫🇷🇪🇸
How may I assist you ?