Wall St. execs are moving operations to Florida to escape high tax rates of NY City and NY State

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1/28/13, "‘Wall St.’ flees NY for tax-free Fla.," NY Post, Margolin

"The city’s hedge-fund executives are flying south — and it’s not for vacation. 

An increasing number of financial firms, especially private equity and hedge funds, are fed up with New York’s sky-high city and state tax rates and are relocating to the business-friendly climate in Florida’s Palm Beach County. 

And they’re being welcomed with open arms — officials in Palm Beach recently opened an entire office dedicated to luring finance hot shots down south."...


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