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r/wallstreetbetsr/wallstreetbets· u/subtlehyderabadi· 8h agoDiscussion 0

Advice request

Investor summaryNeutral

An independent trader and remote SWE making $200k/year asks if moving from WA to TX/FL for tax benefits makes sense.

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Does it make sense for an independent trader to choose the state they reside in based on the profits they make? I live in WA state where the expenses are really high and the housing is unreasonable. I’ve been consistently making around 200k (average over three years) a year using my trading bot. And, I have a working as a software engineer which is a fully remote position. Does it make sense for me to move to states like TX or FL? Has someone done this move as well? Any advice welcome!

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