"Jeff Bezos' Tax-Saving Miami Move and $2 Billion Amazon Stock Sale"

1 min read
Source: New York Post
"Jeff Bezos' Tax-Saving Miami Move and $2 Billion Amazon Stock Sale"
Photo: New York Post
TL;DR Summary

Jeff Bezos is set to save over $600 million in taxes by making Miami his primary residence, allowing him to avoid state income and capital gains taxes. His move from Seattle to Miami comes with significant tax advantages, with the potential to save him $140 million in capital gains taxes on a recent stock sale and an estimated $610 million by 2025. The move to Florida also exempts him from estate taxes, potentially saving him billions in the long run. Bezos has made high-profile real estate purchases in Miami, including a $79 million mansion and a $68 million property, and is expected to build a megamansion on the exclusive island Indian Creek.

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