Americans are taking a closer look at how much they’re paying in taxes. Moving to a lower-tax state like Florida can make a big difference come Tax Day!
On an article published by The Philadelphia Inquirer on January 25, 2020 on a new evidence to help show that many Northeners are packing their belongings, bank accounts and heading to Florida and other zero income tax states, J. Antonio Villamil, founder and principal advisor of The Washington Economics Group, Inc. (WEG) in Coral Gables, FL., said the Federal Tax Reform Act of 2018 “increased our competitive advantage” and has boosted Florida’s economy. But, it’s not just millionaires and bilionaires who want to reduce their taxes, he said. Those in middle-income tax brackets also are concerned about their tax bite. That makes lower-tax Florida even more attractive than it already is for its warm weather and beaches. Read more