Reported 3 days ago
Jeff Bezos is estimated to have saved around $1 billion in taxes this year by moving from Washington to Florida, where there is no state income tax or capital gains tax. After relocating to Indian Creek, a luxury enclave, Bezos sold approximately $13.6 billion worth of Amazon stock since early 2024, avoiding a potential $954 million tax bill had he remained in Washington. His move not only benefits him financially but also brings him closer to family and his aerospace company, Blue Origin.
Source: YAHOO