Florida, Trump’s New Home, Leads in Income Migration
- Sunshine State nets $16 billion in adjusted gross income: IRS
- Icahn among those fleeing New York’s high taxes for Florida
Upscale beach homes in Naples, Florida.
Photographer: John Greim/LightRocket/Getty ImagesThis article is for subscribers only.
For Florida, migration is providing an economic boost.
Florida netted $16 billion in adjusted gross income from people moving to the Sunshine State between the time they filed their taxes in 2017 and 2018, making it the country’s top beneficiary for the sixth straight year, according to Internal Revenue Service data released Tuesday. The net economic benefit from migration increased 3% from $15.5 billion in the previous period.