What a $2.2 Million Portfolio Actually Pays After Taxes in Florida vs. New York
· finance.yahoo.com
The state you file in can quietly drain more from a $2.2 million portfolio than a full percentage point of yield ever adds back, and the math shifts dramatically depending on whether your income is qualified or ordinary.
Quick Read
Florida's zero state income tax advantage over New York grows from roughly $5,000 annually at a 3.5% yield to $15,000 at a 10% yield.
A 3.5% divide...