Billionaire Carl Icahn moving business from NY to Florida for lower taxes: report

Carl Icahn, the legendary investor, has told employees that he is moving his company from New York to Miami and a report said his decision to move is based on the Big Apple’s higher taxes. Icahn, 83, whose net worth is about $20.4 billion, is set to move his home and business from the city due to the taxes, sources told Bloomberg. The report said that it is not uncommon for billionaires to settle in the state which is one of seven without a personal income tax. The report pointed to New York’s 8.82 percent rate.-- More...

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