The tax attractions of Florida

Millennials represent the largest share of the US home buying population, making up about 34 percent of buyers. Florida is among the top ten states in the country for millennial home buyers and real estate agents believe the reason is Florida has no state personal income taxes. 

Bloomberg reports for the past year, Florida real estate agents have been actively courting wealthy Northeasterners who took a hit from the Trump administration’s tax overhaul. Now signs are emerging that some of those disgruntled taxpayers are jumping at the chance to cut their tax bill by moving to Florida.