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MAKING FLORIDA YOUR DOMICILE
Sunday, January 3rd, 2010 at 8:40pm. 78 Views, 0 Comments.
Depending on the state you are from and if you own a second property in Naples, Florida, it might be well worth investigating the possibility of establishing your domicile in Florida for the purpose of reducing or totally eliminating income and estate taxes. Enhancing that position, the State of Florida has eliminated the Florida estate tax and repealed the intangible tax on stocks and bonds.
Retirees who have substantial securities portfolios have benefited from the 15% income tax on capital gains, as well as stock dividends. To contrast that, if you were living in the State of New York, both dividends and capital gains are subject to as high as a 7% income tax. The failure of a state like New York to give relief to its wealthier investors has forced many…
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- January 8th, 2010 6:33pmTHE EXPANDED HOMEBUYER TAX CREDIT
- The Homebuyer Tax Credit has created a lot of buzz since becomming law and now the extended or Expanded Tax Credit could help to cure the winter blues for man...Read More
- January 7th, 2010 6:52pmSALES CONTINUE TO SURGE
- The Fall sales Market Data Report showed a surge in sales from the same period one year ago that is continuing as we begin to get into 'high season'. Overall...Read More
