Jeff Bezos will save over $600M in taxes on his stock sale thanks to Seattle-Miami move – NEW YORK POST
Billionaire Jeff Bezos’ recent move to Miami will help him save more than $600 million in taxes as he sells more than 50 million shares of Amazon stock over the next year.
Bezos — the second richest person in the world, according to the Bloomberg Billionaires Index — ditched his longtime digs in Seattle last year for a glittering estate on the ultra-exclusive island Indian Creek, also known as “Billionaire Bunker.”
Aside from advantages like better weather, and proximity to his parents and rocket launches at his Blue Origin space company, the move came with another major perk: no state income or capital gains taxes.
The question is, why is he selling his shares…? Does he know something, we don’t?