By Tyler Durden
Carl Icahn Planning Move To Florida For Lower Taxes, “More Casual Pace”
Billionaire investor Carl Icahn is reportedly planning to move his business – and his home – to Florida, one of seven US states with no personal income tax, to avoid New York taxes, according to Bloomberg.
The 83-year-old, who was born in the Far Rockaway neighborhood of Queens, has been a major figure on Wall Street for decades, and back in the 1990s, he bought a mansion on the Indian Creek island enclave in Biscayne Bay in Miami. Icahn expects all of his employees to make the move with him: Those who don’t “won’t have a job”, according to several sources from within his firm.
According to the New York Post, any employees who aren’t ready to leave their offices in New York City and White Plains on March 31, 2020 and start work in the Magic City on the next day will be let go without severance. To “sweeten” the deal, Icahn promised that everyone who makes the move will earn at least as much in salary and bonus next year as they did in …read more
Source:: Zero Hedge