(Bloomberg) -- Lloyd Blankfein, the former Goldman Sachs CEO on a self-described “gap year,” gave his two-cents on state tax rates after reports that billionaire Carl Icahn is planning a move to Florida to avoid the higher taxes in New York.
“For states with already high rates, increasing tax rate doesn't necessarily increase tax revenue,” Blankfein wrote.
Read More: Carl Icahn Is Said to Be Heading to Florida for Lower Tax Rates
To contact the reporter on this story: Nathan Crooks in Miami at ncrooks@bloomberg.net
To contact the editor responsible for this story: Sebastian Tong at stong41@bloomberg.net
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