Earlier this month, after being courted by New York, New Jersey, Chicago, and a host of other teams, LeBron James, one of basketball’s most prominent stars, chose to join the Miami Heat and make Florida his new home. James chose the Sunshine State, stating his desire to play with other superstars Dwayne Wade and Chris Bosh, but Arizona Chamber CEO Glenn Hamer notes another reason: Florida’s lack of income tax.
“According to The Wall Street Journal, LeBron is trading in Ohio’s 7 percent income tax rate for a potential $6 to 8 million in saved earnings by living in Miami”. It’s not only Lebron, though, as the Phoenix Business Journal notes that many high earners are making their homes in Florida including “Orlando resident Tiger Woods and plenty of New York Yankees — who have their spring training in Tampa,” not to mention that the a lack of income tax can “give more money to consumers to spend, and small business owners and entrepreneurs to invest”. So, be smart with your money and choose Florida now!
Read the entire article here.
Sorry, the comment form is closed at this time.