Perhaps you noticed that Ohio recently lost a successful entrepreneur who moved his business to Florida, where taxes are lower.
Of course, like many entrepreneurs who relocate their businesses to low tax states, his decision was only partially influenced by taxes. Other factors, specifically his desire to build a global brand name, were more important. But Ohio taxes didn’t help.
Yes, I’m talking about LeBron James’ decision to join the Miami Heat.
Basketball isn’t my forte, so I’m going to stay away from evaluating whether James would have been more likely to win an NBA championship if he’d stayed in Cleveland, gone to New York, or chosen somewhere else to play.
To read the full, original article click on this link: Entrepreneurship, Taxes and Orange Spheres | Small Business Trends
Author: Scott Shane
