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> The people decamping from New York City to Florida for tax reasons suggest otherwise. Do you have any data showing that is the reason they are moving and not
by jedberg 4y ago
> The people decamping from New York City to Florida for tax reasons suggest otherwise.
Do you have any data showing that is the reason they are moving and not some other reason, like the weather?
> California is already experiencing population decline as people run away from the taxes and crime.
The most cited reason for leaving the state is the cost of housing. It should be noted that CA has lower property tax rates than Texas and Florida and about 23 other states, so that's not even part of the cost of housing equation.
- WalterBright 4y agoHere ya go: https://www.amgintrealty.com/why-new-yorkers-are-moving-to-florida/ https://www.amgintrealty.com/why-new-yorkers-are-moving-to-f... Note the #1 reason. > The most cited reason for leaving the state is the cost of housing. It should be noted that CA has lower property tax rates than Texas and Florida and about 23 other states, so that's not even part of the cost of housing equation. If the property tax rates are lower in CA, but the property is valued higher, then the total tax paid can be considerably higher than in other states. Ya gotta multiply the two to get a cost. Don't forget CA's income tax and sales tax, too. Oh, and the highest gas prices in the country, due to CA regulation and taxes.