Florida Is Attracting a New Generation of Wealthy Americans. Here’s How.

One wealth manager jokes that some people can ‘get a free home,’ with the money saved from the state’s lack of income and estate taxes.

Florida draws younger wealthy individuals, particularly millennials and Gen Z inheritors, due to no state income tax, no estate tax, and tax savings that can equate to significant lifestyle perks like “free homes” via redirected funds. The state’s pro-business environment and lifestyle appeal amplify its pull for this demographic shifting wealth patterns. For more information click here.

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