Deals
Carl Icahn Is Heading to Florida for Lower Tax Rates
- Billionaire joining Wall Street migrants to Sunshine State
- Florida is one of seven states with no personal income tax
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Billionaire Carl Icahn is planning to move his home and business to Florida to avoid New York’s higher taxes, according to people familiar with the matter.
Icahn, 83, who was born in the Far Rockaway neighborhood in Queens, New York, has been an icon on Wall Street for decades. In the 1990s, he bought a mansion in the exclusive Indian Creek island enclave on Biscayne Bay in Miami.