Make us your home page

The Buzz

From the staff of the Tampa Bay Times

Florida's 'no income tax' lure continues to draw big fish

Florida has been on a roll in drawing in wealthy retirees from the Northeast who are disincentivized from paying income taxes in their home state.

First it was revealed that hedge-fund billionaire David Tepper was the mystery New Jersey resident whose decision to move was potentially putting the state of New Jersey's budget at risk.

In December, Tepper declared himself a resident of Florida after living for more than 20 years in New Jersey. He later moved the official headquarters of his hedge fund, Appaloosa Management, to Miami.

Today, Gov. Rick Scott's office was quick to cite another triumph of Florida's no-income-tax status: It touted an opinion piece from retiree Randy Wexler which ran this weekend in the Hartford Courant. Wexler, who has a second home in Naples, is considering moving south to save money.

"I want to stay in Connecticut. I like it here," Wexler wrote, "but I feel I am being economically forced out."  Read more here



[Last modified: Monday, May 2, 2016 11:34am]


Join the discussion: Click to view comments, add yours