NFL wide receiver Tyreek Hill made a splash during his time with the Kansas City Chief and courted multiple off-season offers to join other teams — including the New York Jets.
During a recent press event, he said that he was “very close” to inking a deal with the Jets, but ultimately signed a contract with the Miami Dolphins in large part due to the high tax rate in New Jersey, where the Jets actually play.
“Just those state taxes, man,” he said on Monday. “You know, I had to realize I had to make a grown-up decision. And now here I am in the great city of Miami. You know, great weather, great people. Beautiful people, I feel like. So here I am.”
If Hill had joined the jets, he would be subjected to a 10.75% personal income tax in addition to his annual federal tax bill. Florida, on the other hand, has no state income tax. He is not alone in choosing low-tax states like Florida over less affordable regions of the country.
In August alone, reports indicate nearly 6,000 New York residents moved to Florida. More than 3,000 Californians switched their licenses to Florida during the same month. Both totals represent a record-high relocation rate.
Earlier this year, GOP Florida Gov. Ron DeSantis blamed politicians elsewhere across the country for driving their own citizens toward his state.
New York Gov. Kathy Hochul tells Republicans to "jump on a bus and head down to Florida where you belong…you are not New Yorkers" pic.twitter.com/FazoHqPAZu
— RNC Research (@RNCResearch) August 28, 2022
“They tax and regulate so they repel people to leave their state,” DeSantis said. “The base shrinks so they have to do it again to try to square the circle. And you just can’t have it. So states like Illinois, New York, they are in a tailspin and they’re not probably going to be willing to change their policies.”
Florida Chief Financial Officer Jimmy Patronis addressed the trend last year, celebrating the influx of new residents who are fleeing the “financial train wrecks” of their former states.
“Let’s just talk about the empty nesters from New York, or the empty nesters from New Jersey,” he added. “They then decide to leave the tax hell that those states are in and move to the state of Florida. It provides more money to our schools, though they’re not using the services.”