This from Forbes.com (http://www.forbes.com/)
Where America's Money Is Moving
Written by Jon Bruner (edited here for length)
Low taxes, warm sunshine and deep discounts on real estate. No wonder IRS data shows the wealthiest among us are headed south. Surprise: America's wealthy like warm weather and low taxes. That's the takeaway from IRS data, analyzed by Forbes, on moves between counties. We looked for counties that the rich are moving to in big numbers.
The dominance of the list by Florida and Texas--the former has eight of the top 20 counties, the latter four-- makes sense to Robert Shrum, manager of state affairs at the Tax Foundation in Washington, D.C., since neither state has an income tax. "If you're a high-income earner, then that, from a tax perspective, is going to be a driving decider if you're going to move to one of those two states," Shrum says.
After accounting for property taxes, Shrum's analysis shows that Texas has the fourth-lowest personal tax burden in the country, and Florida has the eighth lowest. Shrum also points to eight states that have targeted wealthy households with extra-high tax brackets: California, New Jersey, New York, Maryland, Hawaii, Oregon, Connecticut and Wisconsin. Six of the top 10 counties the rich are fleeing are located in those states.
Here are Texas' entries in the Top 20, which all happen to be in the San Antonio region:
No. 4: Llano County, Texas, North of San Antonio
Arriving average income per capita: $44,324
Departing average income per capita: $22,541
Stationary household average income per capita: $26,201
Total arriving people: 1,192
Total departing people: 1,018
Top origin: Burnet County, Texas (312 people)
No. 6: Bandera County, Texas, West of San Antonio
Arriving average income per capita: $37,849
Departing average income per capita: $18,092
Stationary household average income per capita: $24,536
Total arriving people: 1,396
Total departing people: 1,192
Top origin: Bexar County, Texas (458 people)
No. 8: Kendall County, Texas, Northwest of San Antonio
Arriving average income per capita: $51,713
Departing average income per capita: $29,013
Stationary household average income per capita: $41,590
Total arriving people: 2,987
Total departing people: 1,711
Top origin: Bexar County, Texas (1,131 people)
No. 20: Gillespie County, Texas, Northwest of San Antonio
Arriving average income per capita: $35,890
Departing average income per capita: $22,572
Stationary household average income per capita: $30,350
Total arriving people: 1,232
Total departing people: 893
Top origin: Kerr County, Texas (170 people)
Showing posts with label Florida. Show all posts
Showing posts with label Florida. Show all posts
Tuesday, June 15, 2010
Thursday, September 17, 2009
Disney & Universal Give Orlando Visitors New & More Options
This from Carl Cronin for Globe Street:
ORLANDO-Planned expansions at Walt Disney World and Universal Orlando theme parks should benefit area hotels for years to come, a local industry executive says. The anticipated result of longer stays by millions of tourists equate to additional room nights, occupancy and revenue. "There is no doubt they will be helpful," Harris Rosen, president of locally based Rosen Hotels, tells GlobeSt.com. "It becomes very difficult for folks to see everything they want to see in one, two or three days, so they may add an additional day to their schedule."
Added attractions to Orlando theme parks announced over the past week include an expansion of Fantasyland at Disney's Magic Kingdom and an upgrade to the "Star Wars" exhibit at its nearby Hollywood Studios theme park, as well as a $200-million addition to Universal's Islands of Adventure based on J.K. Rowling's "Harry Potter" book series, including a full-scale Hogwarts Castle and related attractions, shops and restaurants. Both park operators compete for vacation dollars internationally, along with enticing Florida residents with unique discounts.
Earlier additions to local theme parks included a new roller coaster in May at SeaWorld Orlando called "Manta" that combines a thrill ride with an aquatic exhibit. Also, Universal Studios Florida opened its "Rip, Ride, Rockit" roller coaster ahead of its planned debut this fall.
Orlando has 450 hotels with a combined count of 112,000 guest rooms, making it the second-largest US hotel market behind Las Vegas. The city attracts more than 48 million visitors annually for business or pleasure, according to the Orlando/Orange County Convention & Visitors Bureau.
Rosen, whose company owns seven local hotels with more than 6,300 rooms, says a few extra days of vacation will bring a dramatic boost to local occupancy levels, which fell below 70% this past summer, based on Smith Travel Research estimates. He points out that the theme park expansions could not have come at a better time, when hoteliers are looking for any signs of economic recovery in the next few years.
"We are grateful that these expansions are happening at this time," Rosen says. "They may not bring more people to the area, but they will keep them here a little bit longer and that's a huge benefit for us."
ORLANDO-Planned expansions at Walt Disney World and Universal Orlando theme parks should benefit area hotels for years to come, a local industry executive says. The anticipated result of longer stays by millions of tourists equate to additional room nights, occupancy and revenue. "There is no doubt they will be helpful," Harris Rosen, president of locally based Rosen Hotels, tells GlobeSt.com. "It becomes very difficult for folks to see everything they want to see in one, two or three days, so they may add an additional day to their schedule."
Added attractions to Orlando theme parks announced over the past week include an expansion of Fantasyland at Disney's Magic Kingdom and an upgrade to the "Star Wars" exhibit at its nearby Hollywood Studios theme park, as well as a $200-million addition to Universal's Islands of Adventure based on J.K. Rowling's "Harry Potter" book series, including a full-scale Hogwarts Castle and related attractions, shops and restaurants. Both park operators compete for vacation dollars internationally, along with enticing Florida residents with unique discounts.
Earlier additions to local theme parks included a new roller coaster in May at SeaWorld Orlando called "Manta" that combines a thrill ride with an aquatic exhibit. Also, Universal Studios Florida opened its "Rip, Ride, Rockit" roller coaster ahead of its planned debut this fall.
Orlando has 450 hotels with a combined count of 112,000 guest rooms, making it the second-largest US hotel market behind Las Vegas. The city attracts more than 48 million visitors annually for business or pleasure, according to the Orlando/Orange County Convention & Visitors Bureau.
Rosen, whose company owns seven local hotels with more than 6,300 rooms, says a few extra days of vacation will bring a dramatic boost to local occupancy levels, which fell below 70% this past summer, based on Smith Travel Research estimates. He points out that the theme park expansions could not have come at a better time, when hoteliers are looking for any signs of economic recovery in the next few years.
"We are grateful that these expansions are happening at this time," Rosen says. "They may not bring more people to the area, but they will keep them here a little bit longer and that's a huge benefit for us."
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