According to research by the Spectrum Group, slightly more than half of all investors with at least $25M in assets are considering a move south to lower their tax bills. The number considering relocation has grown since Spectrum started asking the question in 2014.
Among those considering a move, 45% are doing it for tax purposes. The report said respondents were also looking for a better climate.
If you are considering moving to a different state and need to explore the tax rates, we can help.