Trumps Tax Wealth Exodus

It has been nearly 2 years since the Federal tax code was updated, capping homeowners real estate deductions from State And Local Taxes (SALT), and rewarding real estate investors by providing a %20 deduction on gains taxes owed while serving as a real estate investor/professional (250 hrs yearly work). Only now it is clearly evident that the Southeast is beginning to reap the benefits of these actions. A rather large exodus of wealth has been leaving the higher taxed states of New England and California and relocating along with their combined billions to the tax friendly Southeastern states. A few billionaires (including Trump) have also relocated their primary residences to Florida. The fact that the Southeast still leads the US in poverty, education and financial assistance is another story, but the region is hands down the best environment to invest in real estate and make money. Here are the main factors why.

·                 Population growth

·                 Wealth growth

·                 Economic growth

·                 Job Growth

·                 Business friendly States