NYP: Rumors swirl among Miami brokers that Elon Musk toured this $300M under-construction mansion

Attorney and CPA Chad D. Cummings presents this overview on the accelerating migration of billionaires and high-net-worth individuals to Florida. A $300 million mansion is rising on North Bay Road in Miami, with reports of a major tech billionaire arriving by helicopter and raft to view the property. Larry Page, Sergey Brin, Mark Zuckerberg, Alex Karp, and Howard Schultz have all made major moves to Florida, often accompanied by corporate relocations. The reason is straightforward: Florida imposes no state income tax, while California charges 13.3 percent and New York exceeds 14 percent in high-tax jurisdictions. For business owners, these savings compound dramatically each year. This presentation explains how redomestication allows you to move your company’s domicile to Florida or Texas without creating a new entity, without dissolution, and on a completely tax-free basis while preserving your FEIN, contracts, credit history, and bank accounts. The ultra-wealthy are not waiting. They are already there. If you own a business in a high-tax state, the window to follow their lead and protect your wealth is now. Learn more: https://www.cummings.law/redomestication/