Miami
fromArchitectural Digest
1 hour agoIs Miami the Next Silicon Valley?
Tech billionaires are relocating to Miami from California, potentially establishing the city as a new tech hub and attracting industry talent and investment.
California has proposed the Billionaire Tax Act, which would impose a one-time 5% tax on residents worth over $1 billion. Page, whose net worth is $269 billion as of January according to Forbes, isn't giving California the option to tax him and is deserting the Golden State for a state on the opposite extreme of taxing the wealthy: Florida. The proposed bill, which doesn't appear on the ballot until November, would retroactively tax billionaires living in California as of January 1.