[wetnewspaper]

Originally Posted by Lalalally

I know it will never happen that (1) Stefanowski wins; or (2) that CT state income tax is repealed, but water cooler talk yesterday was all about the buzz going on in our N.Y. office and the number of lawyers there who are already chomping at the bit to relocate to the Stamford office if it were to happen. To the point where some have already asked management to hold off on renewing our lease at our current Stamford location and go month to month until it plays out. Some already have a number in their head that would make them relocate, if it weren’t to be outright repealed but reduced significantly to

So if Stefanowski wins, a bunch of NYC lawyers move to Stamford? He's got my vote.

By the way, the top marginal income tax rate in NY is 8.92%. CT is 6.9%.

[nep321]

If income tax in CT is repealed, good luck having any hope of having infrastructure improvements, improved schools and other services. We can see on a national level that now that the wealthy have received massive tax cuts, there is now a huge $1 trillion deficit and not enough money to do the infrastructure improvements that the administration wants. Austerity simply doesn't work.

Cutting taxes so that businesses can create thousands of low paying jobs is not a solution IMO.

[nep321]

Originally Posted by kidyankee764

Re: “businesses have no interest in relocating here”

You may want to double check that. Many lucrative financial firms from CT are setting up shop in Palm Beach County. A recent NYT article outlined the migration of hedge funds south. So yes, businesses - and insanely profitable ones - are relocating to south FL like never seen before.

Wow a few hedge funds in Palm Beach county. Big deal. Hedge funds are not what I would consider to be large employers that hire a diverse array of workers. Like I said, companies similar to GE, Aetna, UTC (big corporations) do NOT relocate to Florida, ever. They choose places like Boston, Atlanta, Charlotte, Raleigh, Washington DC, etc. Not Florida.

I would venture that the primary reason why these hedge funds chose to relocate to Palm Beach county is because someone in executive management wants to retire there or evasion of estate tax, which is a joke, considering only 5,200 Americans even pay the estate tax each year on average.

[Lalalally]

Originally Posted by wetnewspaper

So if Stefanowski wins, a bunch of NYC lawyers move to Stamford? He's got my vote.

By the way, the top marginal income tax rate in NY is 8.92%. CT is 6.9%.

They’re actually CT residents who happen to work in our N.Y. office.

[Newtohartfordct]

Originally Posted by GoHuskies

Owning a $24K double wide in rural Alabama isn't worth bragging rights.

Those southern states with high poverty also have some of the worst rated school systems and lowest life expectancy among US states. QOL there is not glamorous. State assistance sucks in the south. You'd better have a decent job with benefits because capital "L" lord help you if if you need expensive surgery on the states dime. They can offer you prayer at least, it helps right!

Agree. I lived in Indiana and have seen rural poverty first hand. No community centers, public transportation or healthcare centers. Big issues with meth and opioid addictions, it’s a mess. Being rural poor is as bad as it gets. The urban poor are much better off.

[Newtohartfordct]

Originally Posted by kidyankee764

The migration of US population shows that most disagree with you.

To Florida? The migration to Florida is mostly retired seniors, because there’s no state tax. They produce no offspring and no longer work. Not good. The average age in Florida has increased as a result.

[kidyankee764]

Originally Posted by Newtohartfordct

To Florida? The migration to Florida is mostly retired seniors, because there’s no state tax. They produce no offspring and no longer work. Not good. The average age in Florida has increased as a result.

Actually, the average age in the booming area of Florida (south FL) has decreased. The west coast has gotten older, though.

[Newtohartfordct]

Originally Posted by kidyankee764

Actually, the average age in the booming area of Florida (south FL) has decreased. The west coast has gotten older, though.

economists are paying close attention to Florida, because while it has high migration, it’s mostly senior citizens. A large young working population is a very important part of a healthy state economy. Florida, like CT is an aging population.

[nep321]

Originally Posted by kidyankee764

Actually, the average age in the booming area of Florida (south FL) has decreased. The west coast has gotten older, though.

Southeast FL is the slowest growing area of Florida's metropolitan areas. I wouldn't call it booming by any means. The booming areas of FL are Tampa, Orlando and Jacksonville.

[kidyankee764]

Originally Posted by nep321

Southeast FL is the slowest growing area of Florida's metropolitan areas. I wouldn't call it booming by any means. The booming areas of FL are Tampa, Orlando and Jacksonville.

You’re misunderstanding. The other areas of FL are growing with seniors at an incredible rate. South FL is growing with young, college educated people. That’s the difference.