Florida businesses aren’t taxed

My partner and I had a lot of reasons for wanting to visit and eventually move to Florida. Most people will vacation in Florida for the hundreds of miles of beaches and natural springs. Most people don’t know that there are more natural Springs in Florida than anywhere else in the world. Florida also has several different ecosystems. There are the dry sand, beaches and the humid cypress swamps. Florida also boasts many different major tourist attractions like Orlando, Tampa Bay and Daytona Beach. There are a lot of reasons to live and work in Florida. When my wife and I found out that Florida does not tax their business owners, we moved our business. We were paying several thousand dollars in taxes every year. We knew it was going to be a risk to move to Florida but it ended up being great for our business. My wife has been making soaps, lotions and beauty supplies for years. I convinced her to sell them instead of giving them away. Since moving to Florida, we are beginning to see our gains every quarter. We are to a point where we are talking about what we are going to do when we retire. We planned on buying a boat and someday sailing around the world. Until that time came, we just wanted to sail, fish and do some scuba diving. Until retirement arrives, we are continuing to work here in Florida and enjoy putting the money in the bank that we would have paid out in taxes. Moving to Florida was a really good choice for us.

 

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