#LegalBytes: The Official Podcast of Cummings & Cummings Law

Attorney and CPA Chad D. Cummings presents this powerful presentation on the Wall Street Journal report revealing a staggering 1.03 trillion dollar hidden infrastructure liability across 2,000 U.S. cities that does not appear on any balance sheet. Older cities like Philadelphia, Baltimore, and Milwaukee face massive deferred maintenance on roads, bridges, water systems, and public buildings that w...

Attorney and CPA Chad D. Cummings presents this powerful presentation on why keeping your CPA fully informed is essential before, during, and after redomestication. While redomestication itself is a tax-free legal process under the Internal Revenue Code that preserves your company's FEIN, contracts, credit history, and tax attributes, it does not handle any of the critical tax compliance work. You...

Attorney and CPA Chad D. Cummings presents this powerful presentation on a critical step many business owners miss after redomestication. Just because your company is now domiciled in Florida or Texas does not mean you are done with your old state. If you still have customers, employees, inventory, or other business activity there, you must register as a foreign entity in that state. This presenta...

Attorney and CPA Chad D. Cummings presents this powerful presentation exposing a costly mistake many business owners make after moving to a low tax state. Just because you changed your personal residency, updated your address, and even redomesticated your company does not mean you have escaped your old state's taxes. Tax nexus is the legal connection that keeps your company liable for income tax,...

Attorney and CPA Chad D. Cummings presents this powerful presentation on the Tax Foundation's 2026 state and local sales tax data that most business owners overlook. While everyone focuses on income tax and property tax, the combined sales tax burden adds another heavy layer in high tax states. California hits 8.99 percent combined sales tax on top of its 13.3 percent top income tax rate. New York...

Attorney and CPA Chad D. Cummings presents this powerful presentation on the surging trend of American workers moving abroad, with the share of U.S. based employees working overseas more than doubling from 2.7 percent to 6 percent in just five years. Tech professionals are leading the charge, as remote work flexibility and better work life balance offered by foreign employers become increasingly a...

Attorney and CPA Chad D. Cummings presents this powerful presentation breaking down the new Visual Capitalist and Realtor.com study on how much income it takes to be middle class in every state. Massachusetts requires roughly 69,900 dollars per year, New Jersey 69,500 dollars, Maryland 68,600 dollars, and California 66,800 dollars just to reach the middle class threshold. In sharp contrast, Florid...

Attorney and CPA Chad D. Cummings presents this powerful presentation on California's latest population decline, with the state losing 54,000 residents and recording its first overall drop since the pandemic as of January 2026. Los Angeles County alone saw 64,000 people leave in 2025, while those who departed are now saving an average of 672 dollars per month in housing costs and are 48 percent mo...

Attorney and CPA Chad D. Cummings presents this powerful presentation on the California Policy Lab study tracking households that left the state from 2016 through 2025. The data reveals that Californians who moved out saved an average of nearly 700 dollars per month in housing costs, paid 631 dollars less in rent, and saw median home prices drop by 396,000 dollars in their new states. Those who le...

Attorney and CPA Chad D. Cummings presents this powerful presentation featuring billionaire Stephen Ross, CEO of Related Ross and owner of the Miami Dolphins, declaring that South Florida's corporate relocation wave is still in the "first inning." Ross highlights major moves including ServiceNow's 200,000 square foot second headquarters, Wells Fargo's wealth management division, Cleveland Clinic F...

Attorney and CPA Chad D. Cummings presents this powerful presentation exposing how Maryland Governor Wes Moore's repeated promise to "leave no one behind" has failed the state's small business owners. From seventh generation farmers buried in overregulation to cafe owners facing skyrocketing electric bills and declining customers to Chesapeake Bay charter captains abandoned by state leadership, Ma...

In this presentation, attorney and CPA Chad D. Cummings highlights the crushing reality of property taxes across America. According to the latest U.S. Census Bureau data analyzed by Visual Capitalist, New Jersey residents pay a median of $9,358 per year in property taxes—the highest in the nation—followed closely by New York, California, and other high-tax states. In stark contrast, Florida’s medi...

In this presentation, attorney and CPA Chad D. Cummings analyzes the latest IRS migration data for 2022–2023, which shows a continued and accelerating flight of wealth and talent from high-tax states. Florida gained a net $20.6 billion in adjusted gross income, Texas gained $5.5 billion, while California lost $11.9 billion, New York lost $9.9 billion, and Illinois lost $6 billion. The people leavi...

In this presentation, attorney and CPA Chad D. Cummings breaks down the alarming exodus of businesses from New York City. According to the Economic Development Corporation, New York City lost nearly 5,000 businesses in a single year, with the second quarter of 2025 alone seeing a net loss of over 8,000 employers—numbers comparable to the worst days of the COVID-19 pandemic. High taxes, crushing re...

In this presentation, attorney and CPA Chad D. Cummings analyzes the latest escalation in California’s tax policies: the proposed 5% Billionaire Wealth Tax has gathered enough signatures to qualify for the ballot. Tech giants and billionaires including Sergey Brin (who spent $57 million fighting it), Larry Page, Mark Zuckerberg, and Peter Thiel are actively relocating both their personal residence...

In this presentation, attorney and CPA Chad D. Cummings examines California’s continuing population crisis. According to The Malibu Times and U-Haul data, California recorded a net loss of 216,000 residents in 2025—marking the sixth consecutive year of record outbound migration. High taxes, skyrocketing housing costs, insurance premiums, and quality-of-life challenges are driving tens of thousands...

In this presentation, attorney and CPA Chad D. Cummings breaks down the Tax Foundation’s 2026 State Tax Competitiveness Index, which ranks Florida #5 and Texas #7—while New York sits dead last at #50, New Jersey at #49, and California at #48. The data shows a clear and widening divide: low-tax states are creating far more favorable environments for businesses and individuals, while high-tax states...

In this presentation, attorney and CPA Chad D. Cummings reveals a troubling trend confirmed by Realtor.com’s April 8, 2026 report: the share of Americans aged 65 and older who are still working has surged, especially in high-cost states. In the Northeast, 21% of seniors remain in the workforce—with New Hampshire reaching nearly 24%—largely because skyrocketing home prices, property taxes, and livi...

In this presentation, attorney and CPA Chad D. Cummings examines the growing divergence in state corporate income tax rates and what it means for business owners. According to the Tax Foundation’s January 2026 analysis, top corporate rates now range from North Carolina’s low 2.0% (heading toward zero) all the way up to New Jersey’s 11.5%. While 13 states have rates at or below 5% and two states (S...

In this presentation, attorney and CPA Chad D. Cummings breaks down the latest development in California’s aggressive tax policies: the proposed Billionaire Tax has gathered enough signatures to appear on the ballot. This new wealth tax would impose a significant one-time levy on individuals worth more than one billion dollars and is expected to accelerate the already rapid exodus of high-net-wort...

In this presentation, attorney and CPA Chad D. Cummings explains the accelerating divergence in state income tax policy across the United States. According to a February 2026 Tax Foundation analysis by Jared Walczak, the middle has collapsed: only twelve states now have top rates between 5% and 7%, down from twenty-one states twenty years ago. Twenty-six states have reduced their top marginal rate...

In this presentation, attorney and CPA Chad D. Cummings breaks down the massive tax savings available to high-income earners and business owners who move to Florida . According to Barron’s (April 20, 2026), a New Yorker earning $1 million per year saves $104,600 annually in state income taxes by relocating to Florida—that’s $1.046 million over 10 years. A Californian in the same income bracket sav...

In this presentation, attorney and CPA Chad D. Cummings reveals a surprising and costly problem: the most popular AI chatbots—ChatGPT, Gemini, and Perplexity—consistently give dangerous and incorrect advice when asked how to move an LLC or corporation from one state to another. They recommend dissolving the existing company and forming a new one, registering as a foreign entity, or performing a me...

In this presentation, attorney and CPA Chad D. Cummings reveals the dramatic impact of state taxes on homeownership and wealth building. According to a March 2026 Visual Capitalist analysis, it takes the average household in California 25.1 years to save for a 10% down payment on a median-priced home, compared to just 10.3 years in Texas. New York sits at 23.1 years, while the national average is...

In this presentation, attorney and CPA Chad D. Cummings breaks down the stark divide highlighted by The Wall Street Journal in its April 14, 2026 editorial "The Growing State Tax and Jobs Divide." Since January 2020, high-tax states like California (-1.2%), New York (-1.3%), Massachusetts (-1.4%), and Oregon (-3%) have experienced net losses in private-sector jobs, while low-tax states have seen s...