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No doubt there is. The new story (and a story probably on-topic in the context of this discussion) is the quantity of financial arbitrage firms who have lately
by glompers 3y ago
No doubt there is. The new story (and a story probably on-topic in the context of this discussion) is the quantity of financial arbitrage firms who have lately been relocating their employees and headquarters _to_ Florida.
- trillic 3y agoFlorida has no state income tax and has a homestead bankruptcy exception. Two huge reasons for high-risk traders to prefer living there. Under Florida bankruptcy laws you are allowed to exempt an unlimited amount of value in your home or any other property which is covered by the homestead exemption. Buy a $50 Million house. Fill it with expensive art. If you lose everything, at least you still have your $50M house filled with $500M in Artwork to fallback on.
- reactordev 3y agoThis is why. It's a tax, retiree's, high-risk trader's, haven. The Florida bankruptcy laws are so lax that people often file multiple times throughout their lifetimes. And still run for president. /s To quote a man behind bars for attempted murder and was on a Netflix series - Florida's favorite - Tiger King: "I'm never gonna financially recover from this." is something you hear often in Florida. Both from visitors, and from residents.