In a few day's time, Donald Trump will visit the Mexican border with the Governor of Texas, Greg Abbott. But many supporters of the former President think he should permanently relocate to the state.
Here are several reasons why:
Zero State Income Tax.
Texas is only one of seven states in the country with no income tax, which means that approximately 4 to 12 percent of your income stays in your wallet. Quoting Smart Asset:
"Texas has no state income tax, which means your salary is only subject to federal income taxes if you live and work in Texas. There are no cities in Texas that impose a local income tax."
On an income of a million dollars (or more), that's up to $120,000 saved annually. And obviously, that money could be used on a 2024 Presidential run for Donald Trump.
Cost Of Real Estate.
It's no secret that Florida, New York, and many other states around the country are incredibly expensive. For example, the median price of a house in Miami is over $500,000. But in a Texan city like Dallas or Austin, it's approximately $260,000. Plus, the value of real estate is rapidly growing in emerging markets. Quoting CBS:
"Austin is projected to hold onto its ranking as one of the nation's hottest markets in 2021, according to a Zillow forecast based on interviews with realtors and other industry experts. More than 8-in-10 experts surveyed by Zillow expect Austin to outperform the national average in home value growth, the study found."
So, Donald could easily build a brand new Trump Tower in the middle of Houston, Dallas, Austin, or any other city for a much lower price than New York or Miami.
Texas Loves Donald Trump.
A lot of people in Texas love Trump and voted for him twice during the Presidential election. And besides the large metropolitan areas, the vast majority of countries voted for him. Since Republicans have carried Texas during the last 10 Presidential elections, he'd certainly feel welcome in the lone star state.
Do you think Donald Trump should move to Texas? Let me know your thoughts in the comment section below.
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