New Yorkers making could save up to $200,000 in taxes by moving from Manhattan — where the overhead is 137% above the US average — to Miami, where costs are only 22.8% above the average…
High-earning New York City residents can save nearly $200,000 by ditching the Big Apple’s exorbitant rents and taxes for the sun-soaked beaches of Miami, according to a recent study.how much people raking in six figures in cities like New York, San Francisco and Chicago would save if they packed their bags for Florida’s biggest city.
Workers with a $650,000 salary in New York face an effective tax rate of 45% in New York — when you factor federal, state and local taxes — which drops to 35% as Miami resident.
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