Florida's sunny weather and low taxes attract many people. Florida residents do not pay state income tax or state gift tax, and there is no state inheritance tax. Like individuals, most businesses are not subject to state income tax. Florida's fantastic tax climate, combined with its favorable asset protection laws, makes the area a very desirable place to live and work.
This guide explains how to establish Florida residency (sometimes referred to as "domicile"), which is what you must do to take full advantage of Florida's favorable tax structure. This guide also provides specific, practical information to help you relocate to the Sunshine State.
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