Miami Woos New York Homebuyers Fleeing Over Tax Law
11th January 2019
A year after the passage of a sweeping law that capped deductions on state and local taxes — hitting homeowners hardest in places like New York, New Jersey and Connecticut, where state income and property taxes are among the highest — brokers from low and no income-tax states like Florida are racing to get the word out about how rich the savings are in their markets, above all for top earners.
January 11th, 2019 at 09:35
The operating theory is that the poor are highly mobile and the wealthy are static. Any suggestion that the wealthy didn’t get that way by being stupid is dismissed.