{"id":1504,"date":"2020-12-17T07:12:13","date_gmt":"2020-12-17T07:12:13","guid":{"rendered":"https:\/\/bricksandmortarmgt.com\/?p=1504"},"modified":"2021-02-04T04:56:21","modified_gmt":"2021-02-04T04:56:21","slug":"us-high-tax-states-driving-businesses-away","status":"publish","type":"post","link":"https:\/\/bricksandmortarmgt.com\/zh_hk\/2020\/12\/us-high-tax-states-driving-businesses-away\/","title":{"rendered":"US – High tax states driving businesses away"},"content":{"rendered":"

As we have shown in our article \u201c Lower US State Tax Drives Population Inflows, Home Price Rises<\/strong><\/a>\u201d, high taxes drive businesses towards low tax neighbours – below are some recent datapoints that echoe our analytical conclusion:<\/p>\n\n\n\n

1) People Pouring Out Of US Cities Like LA And New York Even Before COVID Started<\/a>
<\/strong>– New York lost 376 residents per day to domestic migration since 2019:<\/p>\n\n\n\n

\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/covidny.jpg?itok=-tIiBKOY\"\/<\/figure>\n\n\n\n

-Almost 60,000 people moved to New York while 200,000 people left in 2019<\/p>\n\n\n\n

2) Carl Icahn moves hedge fund from NYC to Miami:<\/a>
<\/strong>\u2013for warmer weather and fewer taxes<\/p>\n\n\n\n

3) Goldman Sachs eying Florid<\/a>a<\/a> move for key division<\/a><\/strong>
– Florida offers tax advantages
– The securities and trading industry paid >18%, or more than $15 billion, of collected state<\/strong> taxes, and 6% of NYC taxes collected.<\/p>\n\n\n\n

4)Deutsche Bank raises prospect of moving half its New York staff<\/a><\/strong><\/p>\n\n\n\n

-Deutsche Bank could move as many as half its 4,600 Manhattan staff to lower-cost area for cost saving
-Manhattan was losing finance centre jobs to cheaper cities such as Tampa and Dallas<\/p>\n\n\n\n

Very sad to see great cities like NYC falling apart like this, but from investment point of view, there is no time for pity – sell NY\/LA and buy TX\/FL! <\/strong><\/p>","protected":false},"excerpt":{"rendered":"

…<\/p>\n

US – High tax states driving businesses away<\/span> Read More \u00bb<\/a><\/p>","protected":false},"author":6,"featured_media":1589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[910,6,962],"tags":[954,955,953,950,961,949,952,959,957,960,951,956,958],"class_list":["post-1504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-covid-19","category-lockdown","category-us","tag-california","tag-db","tag-deutsche-bank","tag-escape","tag-florida","tag-gs","tag-icahn","tag-nyc","tag-property","tag-tampa","tag-tax","tag-tax-haven","tag-tax-refugee"],"jetpack_featured_media_url":"https:\/\/bricksandmortarmgt.com\/wp-content\/uploads\/2020\/12\/960x0.jpg","_links":{"self":[{"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/posts\/1504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/comments?post=1504"}],"version-history":[{"count":2,"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/posts\/1504\/revisions"}],"predecessor-version":[{"id":1590,"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/posts\/1504\/revisions\/1590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/media\/1589"}],"wp:attachment":[{"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/media?parent=1504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/categories?post=1504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bricksandmortarmgt.com\/zh_hk\/wp-json\/wp\/v2\/tags?post=1504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}