Big Money Energy author Ryan Serhant argues that the “most attractive incentive” for people to move from countries like New York to Florida is the absence of state income tax. .
“Unless the government pays attention and encourages the rich to stay again New York City, there’s going to be a transfer of wealth here for sure, ”the co-star of Bravo’s hit show“ Million Dollar Listing New York ”told“ Mornings with Maria ”.
The real estate executive pointed out that he was on a plane with clients from New York to South Florida two to three times a month to search for properties with them.
“It’s partly fueled by working from home, the fact that most people have thought for a very long time that they must be in New York and now they have the beach, there are good schools and then there is tax savings, no income tax, capital gains tax, no state estate tax, there are great opportunities in states like Florida, ”Serhant explained.
He went on to point out “the most…
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