Jeff Bezos will save over $600 million in taxes by moving to Miami

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Jeff Bezos will save over $600 million in taxes by moving to Miami
KEY POINTS

*Last year, Bezos announced on Instagram that he was leaving Seattle after nearly 30 years to move to Miami.

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*In 2022 Washington state imposed a new, 7% capital gains tax on sales of stocks or bonds of more than $250,000.

*Bezos plans to unload 50 million shares of Amazon before Jan. 31, 2025. Posting those sales in Florida will save him at least $610 million.

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https://www.cnbc.com/2024/02/12/jeff-bezos-move-to-miami-will-save-him-over-600-million-in-taxes.html