It is unreal. They can tax you for YEARS under that law. You are basically forced to sell, vacate, establish residency somewhere else, pay the tax and pray they leave you alone.
It is unreal. They can tax you for YEARS under that law. You are basically forced to sell, vacate, establish residency somewhere else, pay the tax and pray they leave you alone.
That explains why people fled to Florida during the pandemic and then suddenly relocated back.
That explains why people fled to Florida during the pandemic and then suddenly relocated back.
It explains why people stay which was always my question. Depending on what you own you can end up paying hundreds of thousands of dollars in exit tax. To most people that is still a lot of money.
It explains why people stay which was always my question. Depending on what you own you can end up paying hundreds of thousands of dollars in exit tax. To most people that is still a lot of money.
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