"Jeff Bezos' Strategic Moves: Selling Billions in Amazon Stock and Relocating for Tax Savings"
Jeff Bezos, the founder of Amazon, has sold $6 billion worth of the company's stock as part of a predetermined plan for selling company stock, following the SEC's 10b5-1 rule. His recent move back to Miami, where he attended high school, helps him avoid a 7% capital gains tax in Washington, where he previously lived. The move to Florida, which has no state-level income tax, is estimated to have saved Bezos around $430 million in state taxes.