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.
*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.