"Jeff Bezos' Tax Savings Soar as He Moves to Florida and Sells Billions in Amazon Stock"
TL;DR Summary
Jeff Bezos and his fiancee could save $600m in taxes by moving to Florida, where there is no income or capital gains tax, compared to Washington's 7% capital gains tax. The move comes as Bezos plans to sell $8.7bn worth of Amazon stock by 2025. The couple has already spent $147m on two mansions in Miami's Indian Creek and is expected to build a new home. The move also coincides with Amazon's search for office space in nearby Brickell.
- Jeff Bezos could save $600m in taxes after moving to Florida The Guardian
- Jeff Bezos will save over $600 million in taxes by moving to Miami CNBC
- Jeff Bezos sells $2 billion of Amazon shares amid stock surge that has him within reach of becoming the world's richest person Fortune
- Bezos just sold billions in Amazon stock. That doesn't mean you should sell too. MarketWatch
- Jeff Bezos could save millions from Florida move as he sells Amazon stock Quartz
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