CNBC
2024.02.12 15:07
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Jeff Bezos will save over $600 million in taxes by moving to Miami

Jeff Bezos plans to save over $600 million in taxes by moving to Miami. By unloading 50 million shares of Amazon before Jan. 31, 2025, and posting the sales in Florida, Bezos will avoid state taxes. This move comes after Washington state imposed a 7% capital gains tax on stock sales. Florida's lack of state income tax or capital gains tax allows Bezos to save millions.