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Hawaii Loses and Florida Gains Big Time Due to Income Tax Provision.
Posted on 2/27/26 at 6:53 am
Posted on 2/27/26 at 6:53 am
But Ellison still OWNS the Hawaiian island of Lanai and just bought PARAMOUNT.
It Will Be GLORIOUS!!
No State Income Taxes and Primary Residence is Protected
It Will Be GLORIOUS!!
quote:
That estate is now his declared primary residence. In April 2023, Ellison moved his voter registration to Florida, listing no party affiliation. A month later, he filed a declaration of domicile to move his primary residence from Lanai City to the Manalapan mansion. The move was not without financial consequences—good ones. By relocating before selling large blocks of Oracle stock and collecting dividends, Ellison saved an estimated $1 billion in Hawaii state taxes.
No State Income Taxes and Primary Residence is Protected
1
Posted on 2/27/26 at 7:50 am to Timeoday
I also moved to FL to avoid many state taxes and fees. Louisiana had so many fees on everything and taxes on everything else, but very little off the money was actually used for upkeep and services. When I left the sales tax was 7%. To make up for the income lost by my leaving, they kicked it to 10%.
They told me I had to keep insurance on my truck. I did. I asked, if I needed to if I left the country for 6 months and it would not be driven. "You have to bring us the license plate and pay us to hand it to us. Then, you have to pay to register it again". I now pay 7% sales tax. I do not pay state income tax. The fees are reasonable.
Many have learned and left LA. Many have not, because Muh Crawfish and muh gumbo. Good luck.
They told me I had to keep insurance on my truck. I did. I asked, if I needed to if I left the country for 6 months and it would not be driven. "You have to bring us the license plate and pay us to hand it to us. Then, you have to pay to register it again". I now pay 7% sales tax. I do not pay state income tax. The fees are reasonable.
Many have learned and left LA. Many have not, because Muh Crawfish and muh gumbo. Good luck.
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