Billionaires Relocate to Florida, Taking Billions in Tax Revenue

Driven by proposed wealth taxes, some of America's wealthiest individuals are moving to Florida, investing hundreds of millions in real estate and taking an estimated $29 billion in tax revenue with them.

23 Aug, 13:09 — 23 Aug, 13:09

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fortune1d ago

The tax escape map: Billionaires are bolting for Florida from the West Coast and taking some $29 billion in tax revenue with them

Driven partly by proposed wealth taxes, some of America’s richest people have poured hundreds of millions of dollars into waterfront Florida real estate.

By Marco Quiroz-Gutierrez

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Billionaires Relocate to Florida, Taking Billions in Tax Revenue

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The tax escape map: Billionaires are bolting for Florida from the West Coast and taking some $29 billion in tax revenue with them

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