The Virtues of Red States: Jeff Bezos Saves $1 Billion in Taxes by Moving to Florida

The Virtues of Red States: Jeff Bezos Saves $1 Billion in Taxes by Moving to Florida


Amazon founder Jeff Bezos’ recent relocation to Miami, Florida, saved him close to $1 billion in taxes on his latest stock sales after he fled Washington State, which has a state capital gains tax.

CNBC reports that Jeff Bezos, the billionaire founder of Amazon, has made headlines once again, not just for his massive stock sales but for the substantial tax savings that come with his recent move to Miami. In a series of transactions that have caught the attention of financial analysts and tax experts alike, Bezos has sold and plans to sell a total of 75 million Amazon shares, worth approximately $13.5 billion at current market prices.

The timing of these sales is particularly noteworthy, coming shortly after Bezos announced his departure from

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