WHY COMPANIES ARE MOVING TO SOUTH FLORIDA? Individual Income Tax - PowerPoint PPT Presentation

WHY COMPANIES ARE MOVING TO SOUTH FLORIDA? Individual Income Tax Paid to the State 1,400,000 1,200,000 1,000,000 Florida Total State Tax Due New York 800,000 New Jersey Illinois 600,000 Massachusetts California Connecticut 400,000 200,000 - $1,000,000 $5,000,000 $10,000,000 Total Income

WHY COMPANIES ARE MOVING TO SOUTH FLORIDA? Capital Gains Tax Paid to the State 70,000,000 60,000,000 50,000,000 Florida Total State Tax Due New York 40,000,000 New Jersey Illinois 30,000,000 Massachusetts California Connecticut 20,000,000 10,000,000 - $100,000,000 $500,000,000 Total Capital Gains

WHY COMPANIES ARE MOVING TO SOUTH FLORIDA? Corporate Income Tax Paid to the State 4,500,000 4,000,000 3,500,000 3,000,000 Florida Total State Tax Due New York 2,500,000 New Jersey Illinois 2,000,000 Massachusetts California 1,500,000 Connecticut 1,000,000 500,000 - $10,000,000 $25,000,000 $50,000,000 Total Income

WHY COMPANIES ARE MOVING TO SOUTH FLORIDA? Estate Tax Paid to the State 16,000,000 14,000,000 12,000,000 Florida 10,000,000 Total State Tax Due New York New Jersey 8,000,000 Illinois Massachusetts 6,000,000 California Connecticut 4,000,000 2,000,000 - $25,000,000 $50,000,000 $100,000,000 Value of Taxable Estate