[ad_1]
Carl Icahn, the legendary investor, announced to his employees that he was moving his company from New York to Miami. According to a report, his decision to move is based on the higher taxes of the Big Apple.
Icahn, 83, whose net worth is about $ 20.4 billion, is preparing to move her home and business out of the city because of taxes, sources told Bloomberg. According to the report, it is not uncommon for billionaires to move into the state, which is one of seven countries with no personal income tax. The report pointed to the 8.82% rate observed in New York.
President Trump's 2017 law on tax cuts and jobs has limited the federal deduction for local and state taxes, the report said.
The New York Post, which announced the move for the first time, said that Icahn had invited the staff to join him in Miami and offered him a "resettlement allowance" of $ 50,000. . He has about 50 employees. Half would have taken the offer.
"After spending my entire career in New York, while I certainly did not want to retire, I decided that at this point in my life, I would like to take advantage of a climate more lenient and more relaxed pace all year, "he said. written to employees, according to the Post.
GET THE FOX NEWS APP
Icahn served as Trump's advisor for the reform of business regulation.
[ad_2]
Source link