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252 Jeff Bezos's Move From WA To FL Has Saved Him Close To $1B in Taxes This Year

Slashdot
EditorDavid @ Slashdot · 07/07/2024 14:42 EDT

Jeff Bezos's Move From WA To FL Has Saved Him Close To $1B in Taxes This Year

As Amazon's stock hits a record high (rising 32% just this year), long-time Slashdot reader theodp writes:

GeekWire reports that Jeff Bezos keeps selling Amazon stock after announcing his move away from Washington state — and its 7% tax on capital gains of more than $262,000 from the sale of stocks and bonds — to Florida, which does not have a capital gains tax (like WA, FL also does not tax personal income). Taylor Soper writes, "Bezos saved more than $600 million by moving to Miami and avoiding Washingto

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