Vermont is Paying People to Move There

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The high-tax state of Vermont is paying people up to $10k to relocate to their green mountain paradise, with a catch – you can live there, but you have to work remotely in another state.  According to numerous news outlets, Vermont’s governor recently signed legislation authorizing grants of up to $10k for individuals to make the move ($5k for two years).  The Wall Street Journal reports that Vermont’s top marginal income tax rate was 8.95% along with having the 3rd most onerous property taxes in the nation. Throw in an aging population and a shrinking tax-base and you have a recipe for desperation.  Indeed….

Click here to read the full story on Fortune.com.

 

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Director of Education & Outreach, National Real Estate Investors Association

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