Category: Movin’ on Out

State income tax makes people move out.

Property tax rate: FL 9.8 mills, CT 20.7 mills.   Median cost of a house: FL $179K, CT $270K.

Moving nearly 150 Connecticut jobs to Richmond, Virginia or Jacksonville, Florida.

Legislature expects “mansion tax” to raise $6.3M; same group expects plastic bag tax to raise $27M.

He said there are “four states of the apocalypse”  which have the most residents fleeing over high taxes and huge budget problems.

The average salary of the jobs in North Carolina is nearly $113,000.

Individuals earning $650,000 can save more than $69,700 in taxes per year by moving from New York to Florida.

Another high-tax state, Connecticut, had the largest income loss relative to its overall economy – at $2.6 billion.