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Economics

Millennial investors in California are fleeing to these 3 tax havens

Millennial investors residing in California are packing their bags for friendlier tax climes. Half of the young clients who are planning to leave California are fleeing to locales with lower taxes, according to the data. More than 1 in 3 millennials who are moving from the Golden State are heading to states with no income tax. More than 86,000 of these individuals wound up settling in Texas, making it the top landing place for people departing California, the Census found.

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By
Doreen Pottios
on
December 20, 2019