The Boston Globe, in an article about the philanthropy of Jeremy Grantham, Seth Klarman, Jonathon Jacobson, and Jeffrey Vinik, reports: "Longtime Boston investment executive Jeffrey Vinik, once chief of the Fidelity Magellan fund and later head of his own hedge fund, now lives in Tampa but still directs a portion of his family's $212 million foundation giving here."
Hmm, why might Mr. Vinik have moved from Boston to Tampa? Maybe the weather? He reportedly owns a hockey team in Tampa, but a 2012 Tampa Bay Times article about his move ("Tampa, Meet Your New Neighbor, Jeff Vinik) also says he owns part of the Boston Red Sox.
Neither the Globe article nor the Tampa Bay Times article mentions the difference in income tax or estate tax rates between Massachusetts and Florida, but just for the record the individual income tax rates in Massachusetts max out at 5.25% (with an additional 12% tax on capital gains) and in Florida at zero. Florida has no estate tax at all at the state level, while in Massachusetts there is a state estate tax with a stingy exemption of $1 million and a rate that goes all the way up to 16 percent.
Another example to remember the next time someone on the left claims that it's just a "myth" that high tax rates cause capital or talent to flee.