This Tactic To Avoid Income Taxes Without Moving To Florida Could Surge Thanks To A 'silver Tsunami'

Rich entrepreneurs can use an ING trust to save on income tax without leaving high-tax states.Ivan Rodriguez AlbaUber-rich business owners in high-tax states can save on income taxes without moving.Instead of selling their businesses outright, they put their stock in a trust in a tax-haven state.Incomplete non-grantor trusts come with strings attached but can pay off nicely.Top earners continue to flock to states with little to no income tax such as Florida and Texas.

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BING NEWS:
  • This tactic to avoid income taxes without moving to Florida could surge thanks to a 'silver tsunami'
    Rich business owners looking to cash out can save big on income taxes by setting up trusts in tax-haven states without moving.
    11/1/2024 - 10:34 pm | View Link
  • The Sour Cherry Atop Florida's Melting Homeownership Sundae
    Extreme weather, skyrocketing homeowners insurance premiums, rising condominium ownership and maintenance fees . . . add property taxes to the list of housing pressures that make living in (and moving ...
    10/28/2024 - 4:13 am | View Link
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