Why one woman bolted from ‘tax haven’ Florida, and others are leaving too
Key takeaways
- Marketed as a tax haven, Florida lures immigrants with promises of zero income tax and special tax breaks that accrue to long-time homeowners (1).
- You can now build wealth like a landlord for as little as $100 — and no, you don't have to chase down rent or take 3 A.M tenant calls
- Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s how to fix it ASAP
Why one woman bolted from ‘tax haven’ Florida, and others are leaving too Joe Raedle/Getty Images Aditi Ganguly Sat, May 23, 2026 at 7:45 PM GMT+7 8 min read Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
The Sunshine State has fallen from grace as a “tax haven” — prompting Lorraine English, 72, to move from Bradenton, Florida, to Asheville, North Carolina, because of frightening natural disasters and the rising cost of homeownership.
Marketed as a tax haven, Florida lures immigrants with promises of zero income tax and special tax breaks that accrue to long-time homeowners (1). It's a powerful draw for residents of states with high income taxes, like California (up to 13.3%) and New York (up to 10.9%) (2).