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ESPN commentator Stephen A. Smith said in comments this week that California's tax burden would consume roughly two-thirds of his income, prompting him to relocate to Florida. His remarks add a high-profile voice to the ongoing debate over state tax policy and wealthy residents leaving high-tax states. The comments follow a broader pattern of high earners citing tax considerations as a factor in relocating to states like Florida and Texas, which do not levy state income tax.
Sources:Yahoo Finance