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Been seeing a lot of posts about people ditching California for Florida lately, and honestly the numbers make sense when you dig into the tax stuff. Apparently over 365k people moved to Florida in a year while California was losing people, and a huge part of it comes down to California taxes vs Florida taxes.
The income tax difference is massive. California's got graduated rates up to 13.3% for higher earners, while Florida literally has zero state income tax. So someone making $150k in California pays over $7k in state taxes annually, but in Florida? Nothing. At $250k income the gap widens even more - you're looking at $16k+ in California versus $0 in Florida. That's not pocket change.
There's also the sales tax angle - California's combined rate averages 8.85% versus Florida's 7%, so everyday purchases add up differently too. But here's the thing nobody talks about enough: Florida homeowners actually pay slightly higher property taxes at 0.71% versus California's 0.68%. Plus California caps assessment increases at 2% until you sell, while Florida reassesses at fair market value. So if property values climb, your Florida tax bill climbs with it.
Some analysts calculated that the California taxes vs Florida taxes comparison nets out to nearly $2,800 in annual savings for a median income household making around $92k. But it's not quite that simple - depends on your income level, how long you stay, whether property values move. Still, for people tired of California's tax burden, the math on moving to Florida definitely checks out.