Mapped: How Much You Need To Earn To Be Considered Middle Class by State

Attorney and CPA Chad D. Cummings presents this powerful presentation breaking down the new Visual Capitalist and Realtor.com study on how much income it takes to be middle class in every state. Massachusetts requires roughly 69,900 dollars per year, New Jersey 69,500 dollars, Maryland 68,600 dollars, and California 66,800 dollars just to reach the middle class threshold. In sharp contrast, Florida requires only 51,800 dollars and Texas 53,100 dollars. This presentation reveals how the same high tax, high cost states that make middle class life hardest also impose crushing income taxes, property taxes, and housing prices that destroy wealth. Learn why business owners in these states are relocating to Florida and Texas, where there is no state income tax, lower property taxes, and your dollars go much further. Discover how redomestication lets you legally move your company to Florida or Texas without creating a new entity, without dissolution, and on a completely tax free basis while keeping your FEIN, contracts, credit history, and bank accounts intact. If you own a business in a high cost state and the numbers no longer work, this could be the most important decision you make this year. Learn more: https://www.cummings.law/redomestication/