Property taxes and income taxes, not sales taxes, are the primary drivers of the SALT deduction.

Taxpayers can only deduct $10,000 maximum on their taxes for families and $12.000 for an individual. The higher your income the more likely it is that you'll want to use as many tax deductions as possible.

 

Taxpayers from high tax states are now fleeing to lower-tax states. This is especially true for the Palm Beaches where there is no state income tax and yet the state is pro-business and pro-consumer.

 

Florida is ranked 12th nationwide in terms of the strength of the economy and is ranked 17th globally. Florida will continue to build upon its $2.74 billion GDP making strategic moves to advance the state into the next decade.

The SALT deduction includes property, income and sales taxes. One must decide to choose to deduct either their income taxes or sales taxes.

 

High tax states like California, New York, New Jersey, Maryland, and others are feeling the tax effect to benefit the blue-collar worker.

 

Property taxes and income taxes, not sales taxes, are the primary drivers of the SALT deduction.

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Those who deduct their property taxes tend to have expensive homes in prospering communities.

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The Palm Beaches has seen an influx of high tax state buyers in recent months. They all have one thing in common, a better life, paying fewer taxes.

 

Today, the Palm Beaches is turning into a seller's market due to the influx of real estate money from the west coast, midwest, and east coast. 

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With no state income tax, undervalued real estate, and tropical weather that's ideal for year-round golf and outdoor activities, the Palm Beaches is poised to see real estate prices trend upward on a steady and healthy level.

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