Why do the richest people in the United States choose to move to the famous Sun Belt?

The United States experiences the phenomenon of internal migration of its population with higher incomes, For more than two years, people who earn more than $200,000 a year have changed their place of residence, and the reasons are mainly financial: while the states that received them see that in their coffers. increased, this has profound negative implications for the jurisdiction they have left.

According to a SmartAsset study, the fintech company found that out of 50 states and the District of Columbia, less than This section represents 7% of total tax returns to the Internal Revenue Service (IRS). of the population.

In this sense, out of the ten states that have the highest income households, eight states would be located in the belt of the sun or the belt of the sun, the southern region of the country that stretches from the Atlantic to the Pacific coast. in present, Florida is a major recipient of wealthy families,

Florida is the main destination for wealthy families in the United States
Florida is the main destination for wealthy families in the United Statespixels

Although in 2020 the state reported it lost 11,756 high-income taxpayers, the same year it added 32,019 households who earned at least $200,000. According to the company, it was a net 20,263 high-income filers.

Florida is poised to be a truly fascinating destination because it is one of the few no state income tax, then follows Texas which, in the case of wealthy families, accounts for one-fourth of the income of Sunshine StateThat is, 18,417 taxpayers, which is not a trivial number.

In 2020, when the COVID-19 pandemic was declared, a large portion of the population in the United States and around the world had to rewrite work rules and protocols. In this way, WFH (Work From Home) or telecommunications was designed as a solution to the problem that millions of companies around the world were going through.

As isolation and work from home were established by COVID-19, many New Yorkers moved to Florida and worked from there.
As isolation and work from home were established by COVID-19, many New Yorkers moved to Florida and worked from there.19Dutch

However, that temporary measure became the new way companies worked and its employees adopted it with the intention of keeping up with the times. This circumstance prompted many to relocate to states where taxes were lower, such as Florida, Texas or Arizona, but they kept their jobs at a distance and, as a result, their higher salaries.

As some cities experienced exodus, others welcomed new neighbors with open arms, which also translated into increased demand for housing. The incidence of rent increases in MiamiFor example, was influenced by Demand for houses increased for two years,

Now, with a return to attendance, companies are trying to reduce the time their employees are remotely and add hours at the desk, but are opposed to going back to the previous plan. One of the most infamous cases was that of Elon Musk, who warned Tesla factory workers in Freemont, California, that they should look for another company if they didn’t adhere to at least 40 hours a week in the office. work for.”

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