As more states have begun to introduce wealth taxes, billionaires and other ultrawealthy individuals have been forced to make the hard choice between sucking it up and paying the bill or moving elsewhere.
Those who have chosen to dodge proposed wealth taxes in states including California and Washington have flocked to Florida. Billionaire Californians face a one-time 5% tax on their net worth, so some, including Google cofounders Larry Page and Sergey Brin and venture capitalist Peter Thiel, left California for Miami.
