Connect with us

Hi, what are you looking for?


Jimmy Patronis Urges Elon Musk To Move Operations From California to Florida Due to Better Tax Climate

With Wednesday being Tax Day, Florida Chief Financial Officer (CFO) Jimmy Patronis announced that he sent a letter to Tesla and SpaceX founder Elon Musk encouraging him to leave California and relocate his businesses to the Sunshine State due to lower taxes.

Share Story Via Text, E-Mail, Facebook or Twitter

With Wednesday being Tax Day, Florida Chief Financial Officer (CFO) Jimmy Patronis announced that he sent a letter to Tesla and SpaceX founder Elon Musk encouraging him to leave California and relocate his businesses to the Sunshine State due to lower taxes.

The letter, which Patronis sent out on Tuesday. is below.


Dear Mr. Elon Musk:

With Tax Day upon us you must be saying to yourself, “What are you thinking?” No doubt, you’ve got to wonder whether all those taxes you pay in California are really worth it. As Florida’s Chief Financial Officer, I’m here to remind you that there is no time like the present to consider moving your businesses to the Sunshine State. Your passion for changing the world for the better can best succeed in a state that supports and promotes free enterprise. Clearly, California politicians are more focused on flexing the muscle of government control and regulation, while paralyzing the activity of free enterprise, than they are on letting a free market operate for the benefit of workers.

Of course, relocating to Florida makes the most business sense. As a Florida resident you wouldn’t be subject to state income taxes. Also, depending on how your many businesses are organized, you may realize up to a 50 percent savings on Corporate Income taxes as Florida’s 4.4 percent corporate income tax is half of California’s 8.84 percent rate.  Florida is also aggressive in incentivizing growth of the space-industry by offering a number of tax incentives including, an exemption of sales tax on machinery and equipment, an exemption of excise tax for space launch vehicle fuels, an exemption of space laboratories and carriers, and an exemption of direct and overhead materials. Governor DeSantis also announced last week that Florida is leaning forward in the electric vehicle space by investing $8.6 million into electric vehicle infrastructure. This investment is expected to expand charging stations by 50 percent along Florida’s most heavily traveled corridors.

See also  Sun-Sentinel Calls out 'Toothless' Investigation

We’re also a fiscally healthier state. California has already burned though $9 billion of its rainy day fund, while Florida’s Budget Stabilization Fund remains untouched.  For a successful businessman like yourself, California has no problem raising taxes and fees in poor economic times, so prepare yourself for the inevitable shakedown by politicians and bureaucrats who have never had to worry about making payroll.

I would also argue that Florida’s overall pro-business attitude is reason enough to relocate. Don’t forget you had to battle state and local leaders to re-open your factory in Alameda County. These are headaches you won’t have to deal with in the Sunshine State.  Our Governor and Legislature understand that keeping Florida’s economy alive and protecting Floridians from the global pandemic aren’t mutually exclusive. With California beginning the process of shutting down another grouping of indoor businesses, it’s only a matter of time before you’re facing another government-mandated shutdown.

I know you’re a busy man, but next time you visit the Sunshine State for another successful rocket launch, spend some time with the men and women who live in Florida and work at SpaceX to get their take on what working and living in Florida means to them and their families. I guarantee you’re going to hear stories from those folks about how Florida supports, and doesn’t inhibit, their growth and success.

Unlike California, Florida won’t take your business for granted. Florida is a place of visionaries with bold ideas, while the State of California worships at the church of government and bureaucracy. California’s leaders aren’t interested in helping your success; they’re interested in your submission to their authority. Come to Florida where your only limitation will be your imagination.



  • Florida Daily

    Florida Daily offers news, insights and analysis as we cover the most important issues in the state, from education, to business and politics.

    View all posts
Share Story Via Text, E-Mail, Facebook or Twitter
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow Us on Social Media

Ed Dean: Publisher


Ed Dean is a leading radio and news media personality including hosting the #1 statewide radio talk show in Florida. Contact

Article Archives

Related Stories

Florida Politics

Florida Daily has been reporting for months on the ill-fated and highly suspicious investigation by the Florida Department of Financial Services (DFS) of a Miami...


Whether you are a resident of the state of a visitor, drivers crossing into the state will now see new Florida signs that read,...

Florida Politics

This year, Florida Gov. Ron DeSantis vetoed 14 bills proposed or co-sponsored by state GOP lawmakers. Issues from the state budget to local property...

Florida Politics

The ill-fated and controversial “Operation Tooth Fairy” case, launched under suspicious circumstances by the office of Florida CFO Jimmy Patronis, received its fourth and...

Florida Politics

Florida Chief Financial Officer (CFO) Jimmy Patronis announced the appointment of Tom Gallagher to the Florida Insurance Guaranty Association (FIGA) Board of Directors. FIGA is a...


(adsbygoogle = window.adsbygoogle || []).push({}); Florida Governor Ron DeSantis announced the appointment of Dr. Alberto Tano to the Florida International University Board of Trustees....


Florida Gov. DeSantis vetoed Senate Bill 280, which would have allowed the state to impose stricter regulations on vacation rentals Over the last few...


Florida Chief Financial Officer Jimmy Patronis announced the arrest of two insurance agents, and a third individual, for their alleged involvement in an insurance...