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Governor DeSantis in the state of Florida uh passes $250,000 homestead exemption that could erase property tax as Americans continue to flee high-tax blue states for lower-tax destination Florida lawmakers have just passed what supporters describe as a major win for economic freedom, moving to provide long-term property tax relief for residents. The Florida legislature has cleared a historic DeSantis-backed constitutional amendment for the November 2026 general election ballot that could eliminate non- school property taxes for many homeowners through a proposed $250,000 homestead exemption. Rob, is this it? Yes, sir.
Go for it. would be taxed on $500,000 of value. Making the change would require an amendment to the state's constitution approved by 60% of voters. Now, Florida isn't the only state considering changes. Others considering property tax cuts or even eliminations include Colorado, Georgia, Kansas, Montana, North Carolina, and Pennsylvania. Now, according to the Tax Foundation, home values have risen 27% faster than inflation since 2020. That's where those high taxes come from, but many local elected officials oppose any change. Orange County Mayor Jerry Demings saying this, "I support meaningful tax relief for residents, but the governor's proposal could significantly reduce the local funding that supports essential
services like public safety, fire and So, check this out. The biggest beneficiary may be families and retirees looking to establish permanent residency and maximize long-term savings, said the Corcoran Group uh Mike uh Ducken. Agree. Tom, your thoughts on this? How big of a deal is this? For especially middle America. This is a huge deal for retired people that are already in Florida that have seen Medicare not keep up with the uh cost that they need and having to buy a Medicare advantage uh well, part D to supplement their Medicare and the drugs they may be taking thyroid medication you know a diabetes medications things like that. They are they get hit with inflation and they're on fixed income,
right? So now the governor says, "Hey, there are two parts to your property tax. One part is general fund and the other part it will say schools." What he's saying is the part of your property tax that's for schools and public infrastructure is not affected, but I'm willing to lower your property tax on the other side because we as a state to sales tax and other things are making the funds and we're being more efficient with the dollars we do get. So be very very keen listener to that. He's not sounding like a tax and spend governor like so many blue state governors. He's saying, "We've been more efficient with what we spend, we're being more careful with it and that is a taxpayer's money.
So why shouldn't we allow you know taxpayers to get some relief?" So guess what? It's 150 It used to be if you went homestead it was like 25 or 50 thousand dollars that you could reduce the value of your home and then pay less. Now it's going to be 150 in 2027 and then 250,000 in 2020 eight and the 250,000 dollar baseline will be reviewed and adjusted higher starting in 2029. So he's basically saying if you bought a house here could be 300,000 in 2029. It could be. Yeah. It could the way the bill's written it also could be 2025 225,000, but the point he's making is if you live here and you've retired here on fixed income the part of your property tax for your contributing to schools and public
infrastructure will stay because it's good for you and the city to have lights, good schools, everything like that. Even if you're retired, that's a benefit to you of living here. And somebody's got to pay for it. However, on the other side, it says, "I think you should be cheaper to live and we're making it cheaper to live cuz we're running the state better and doing more with the money we do get. So, guess what? We don't need that tax dollars. I'm here to help you." It's fantastic. Yeah, so million-dollar homes, instead of paying taxes on the 1 million, you'd be paying on 750. Half a million-dollar home, instead of paying on half a million, you'd pay on 250. $250,000
condo, instead of paying tax on 250, you're paying zero. They're next to zero. There'll be a very small amount that's the part of your property tax for schools and local How big of a deal is this? Well, for people who care about taxes, this is, you know, groundbreaking. What about the people that are dealing the 125 comment that says, "I'm living paycheck to paycheck"? Well, here's the thing is if you're living paycheck to paycheck, you probably don't own a home, unfortunately. Right? And so, I think that there's this very weird dynamic of You have to remember that whatever the actual percentage,
let's say 40% of Americans don't pay federal income tax, right? They don't pay some of these taxes. So, what you're actually doing is it's more of a middle-class impact. Right? If you are fortunate enough to own a home, you really care about this. But, there's some portion of Americans they're not even in that position. The second thing is I think that the pitch coming from both Florida and Texas is really strong because it's not a trade-off between pay less in taxes, get less in services. It is we are going to keep services as good or better and also we are going to have you pay less. And so, you're getting just as much if not more and it's going to cost you less. That's a great pitch. What happens in New York, I live in New York, right? I can speak directly to this.
Taxes go up and services go down in terms of quality. That's the exact opposite pitch and there's a lot of people who are saying, "I'm not down for that." Now, there are certain people, I would put myself in this category and there's many other people who say, "Listen, even though I got to hold my nose on some of this stuff, there are certain aspects of the city that are worth it, whether it's for your business, right family, what whatever the thing is." That's what they're counting on though. That people just aren't going to leave, right? And if you look in New York in particular, things like banning Airbnb, right? If you start to funnel everything into a certain area, well, then you can start to go and implement
some of these taxes. And so in Florida, I think that the pitch is incredible. Now, with all of the work, again, AI, remote work, all this stuff, you get people starting to move. But like you guys recently uh hired somebody, he was in New York, right? He came down here to Florida. I don't know, 5 years ago, 6 years ago? Could you have convinced someone to leave New York to come here to work, you know, etc.? but today they're it's actually going the other way. Today, they're making a decision that they're leaving and they're saying, "Let me go see who to work for." Like they Oh, they decide to leave first. they are saying, "I'm going to leave." Of course, some of them you're paying
real low and you know, you have to do some of that stuff. Let's just say you really want that guy. But some people are today reaching out to us. I think 3 years ago, we got 3,000 resumes that was sent to us, people that wanted to apply to work here. 2024 went to 11,000. Last year we hit 33,000 uh job applications to work at Bait Entertainment. We just crossed 100 uh 180 full-time employees for the time I think last week. 180? And a year ago, I don't know where we were a year ago. You know, a year ago we were what? 80? A year ago? Oh, 1 year ago?
Uh 80, 90? Rob, where were we a year ago? 100? Probably around 100. Around 100, right? Because we moved from Dixie and we came here. So we had some stuff that we had to move. But uh yeah, a lot of people in New York are deciding to leave. And by the way, right now with California, what happened with the mayor race? And of course, Hilton's still in it, which is good. It'll be interesting to see what they do. Cuz this was a little bit of hope that they had. Well, let me see what's going to be happening here. Maybe things are going to change. Pratt is already out. They already announced he's third place, so he's gone. Raman is in, the socialist,
so we'll see what that's going to happen with Bass. So, LA's going to get a lot of uh what they already had. Hilton's in second place. If California wants to see any kind of change, they got to get behind this guy. 38% of you guys are business owners. If you're a business owner, this is by far the worst season to go through with by yourself. So, Vault Conference, if you haven't yet registered, Rob, you want you may want to play this clip. Every one of us is one relationship away from taking our lives and our business to the next level. I want you to hear this story about what a friend of Elon Musk ended up doing just because of becoming friends with him. Go ahead, Rob.
Have you heard about Elon Musk's friend named Antonio Gracias, who allegedly they met in the mid-90s networking, they became friends, and he lent Elon a million dollars, which somehow someway ends up owning 7.3% of SpaceX. That million dollars today, according to Entrepreneur Magazine, could be worth between 100 billion to 150 billion dollars, making him top 50 richest men in the world. So, how did this happen? Every one of us, if you're watching this, you are one contact, one relationship away from changing your business, changing your life. How do you do it? You got to put yourself out there. If you're not, the way I did it is by going to four to 10 business
conferences every year. Once a year, we host an event called the Vault Conference. This year, we're doing it at the MGM Grand Arena, August 31st to September 3rd. 12,000 people will be attending this event. If you haven't yet registered, your Antonio may be at that event. Click on the link above or below, get registered, we'll see you there. Again, bring your business partners. A lot of people are bringing their employees. Every year, they're bringing somebody new. If anybody that comes in, they typically bring back 5, 10, 15 people the next year with them. I think one of the companies from France, if I'm not mistaken, is bringing 500 people to the event, to the Vault Conference. But,
uh Logan Paul will be there to talk about how to create content and get noisy at a time like this. He's always in a marketplace talking about I know he's got a torn triceps, but even that makes it in the news. Steven Bartlett, fastest growing podcast in the world from Diary of a CEO, he'll be there. Jerry Rice and Joe Montana will be sitting down with me to talk about how to find running mates. And last but not least, Dan Martell, the great Dan Martell, will talk about how to use AI, multiple eight-figure exits, uh author of buyback your time. They will be at the conference as well. If you enjoy this video, you want to watch more videos like this, click here. And if you want to watch the entire
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