Bezos’ Strategic Move to Florida Saves Over $610 Million in State Taxes on Stock Sale
Key Points: Bezos' recent $2 billion stock sale was strategically planned to minimize state taxes after relocating to Florida. Washington state's 7% capital gains tax prompted Bezos to cease stock sales in 2022. The recent stock sale saved Bezos an estimated $140 million, with projected total savings exceeding $610 million. Amazon founder Jeff Bezos' recent $2 billion stock sale came with a significant financial benefit: no state taxes, thanks to his strategic relocation to Florida. Last year, Bezos, who had been a resident of Seattle for nearly 30 years, announced his move to Miami, citing proximity to family and Blue...