Billionaire Carl Icahn Is Moving His Company & Residence To Miami For Lower Taxes & A Better Lifestyle

Carl Icahn, who is one of the world’s wealthiest men, is moving from his hometown of New York to Miami, according to the NY Post.

Icahn is one of the 50 wealthiest people in the world, with a net worth of $17.6 billion and is ranked 11th on the Forbes 400.

According to sources quoted Bloomberg, the move is to save on taxes (Florida has no state income taxes, while New York has high taxes) as well as a better lifestyle. According to CNBC sources however, the move is more about a better lifestyle than taxes.

Around 50 people work for his Icahn Enterprises investment vehicle in New York, and more than half have accepted his offer of incentives to move.

It isn’t clear where exactly the new office will be located. A letter from Icahn asked his employees to join him “in Miami,” the Post reported. CNBC reported that the office will be “near Miami.”

Icahn has owned a home on Indian Creek Island since 1997, and has been spending more of the winter there recently.

An LLC which appears to be controlled by his son Brett recently purchased a $4.1 million condo at the Biscayne Beach condo tower in Edgewater.

 

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Anonymous

NY keep raising ur taxes…??

Anonymous

but the middle class ones come down here and vote for the same policies which created their high taxed environment in the first place.

Anonymous

Our job to educate our new neighbors

Anonymous

I red pill them everytime I get a chance.

Anonymous

Bullsh*t…go away

William

They come down here.. and then vote for the same darn people…sheesh.

Anonymous

These idiots are going to vote a AOC 2.0 down here soon

Anonymous

They already did in homestead/south dade.

POLO

NO, TRUMP IS RASING NY TAXES!!!!!

Anonymous

no, he isn’t. Stop spreading fake news POLO!!!

chino

The Tariff’s alone are a $2,000 tax on the average US household…Repubicans don’t use the word tax they replace with the word tariff or user fees… not to mention the elimination of the mortgage tax credit and the spiraling out of control budget deficit at 37% annually…

Anonymous

I wonder where he will put his new office, perhaps in the new office tower in brickell.

Anonymous

Doral

Anonymous

Liberty city. Right close to the MLK plaza rail station so Carl Icahn’s employees can have easy access to transportation.

Anonymous

Also maybe Broward – or West Palm

Anonymous

A new office tower in Downtown West Palm Beach, which is becoming Greenwich, CT (another place which cooked its own goose) of the South.

Go Miami go!

Smart move.
Keep moving to Florida.
Go Miami go.

Anonymous

I say take Spanish language courses along with Cuban lingo – Una Colada con Leche Condensada por favor !

Anonymous

Didn’t you hear? The Jews are taking back Miami. In 5 years they are projected to have a 40 % of the Miami population. Spanish language will be history! Yeah!!!

Anonymous

Quieres apostar??

Anonymous

do you think Jews don’t speak Spanish? Argentina has the biggest Jewish population outside of Isreael.

Anonymous

Icahn Enterprises has 2100 employees and only 50 of them work in NYC?

Anonymous

I read the New York post article and it’s a lot more clean. 50 have agreed to come down.

Anonymous

good move… don’t keep voting blue… only red…

POLO

First, you should educate yourself. The reason people from New York, and other places north are coming to Miami is because of Trump tax policies to eliminate sale, and state taxes as deductions to punish blue states. Yes, vote BLUE TO GET THIS IDIOT OUT OF THE WHITE HOUSE!!!!!

David Laguardia

Explain why recent tax cuts have occured.

Anonymous

the corporate tax rate has been cut under the Trump administration. If you are talking about the SALT tax in higher states that’s a different issue.

Anonymous

bienvenido a Miami

Anonymous

That fat cat can no longer afford the tax bill with his 17.6 Billion !!!??? LMAO Pobrecito

Anonymous

Shameless monumental greed.

Anonymous

What a great get…yeah, FL is so cool, after the guy lives 150 of his best yrs in NYC and is almost dead, Miami celebrates his move and him being ‘tired’ of NY. What a turd of a town and people. can’t stop laughing.

Anonymous

1-How nay of those 50 employees are going to be relocated and how many are going to be hired locally?
2-While local residents waste 30% of our income in car-related expenses (tolls, insurance, gas, car payments, etc) Our noncorporate tax State can’t invest in a reliable mass transportation system.

Anonymous

the story said about half of his 50 agreed to relocate. I’m sure they’ll have to rent bedrooms at X-Miami. lololol

Anonymous

It’s likely most of the people he employs are tops in their field and well compensated. Not only lower taxes, but also lower cost of living would be like getting a 25% salary increase if offered their current rate.
For those who want to flee the winters it’s a great deal.

Anonymous

Give it a rest already.

Anonymous

That isn’t a waste….I love driving my car. Anything beats sitting in some dirty late-running train full of bums and a few geek hipsters.

Anonymous

Our tax system is dysfunctional. The blue counties pays most of the bills in this state. While the red counties manages to dictate policies and procedures and life choices for the blue counties with the help of republicans in Tallahassee. That will change in the future due to the current climate of divisiveness. .

Anonymous

Please come to Miami Beach.