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"Jeff Bezos' Tax Savings Soar as He Moves to Florida and Sells Billions in Amazon Stock"

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Source: The Guardian
"Jeff Bezos' Tax Savings Soar as He Moves to Florida and Sells Billions in Amazon Stock"
Photo: The Guardian
TL;DR

Jeff Bezos and his fiancee could save $600m in taxes by moving to Florida, where there is no income or capital gains tax, compared to Washington's 7% capital gains tax. The move comes as Bezos plans to sell $8.7bn worth of Amazon stock by 2025. The couple has already spent $147m on two mansions in Miami's Indian Creek and is expected to build a new home. The move also coincides with Amazon's search for office space in nearby Brickell.

Topics:businessbusiness-taxation#amazon#business-taxation#florida#jeff-bezos#taxes#wealth
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  1. Jeff Bezos could save $600m in taxes after moving to Florida  The Guardian
  2. Jeff Bezos will save over $600 million in taxes by moving to Miami  CNBC
  3. Jeff Bezos sells $2 billion of Amazon shares amid stock surge that has him within reach of becoming the world's richest person  Fortune
  4. Bezos just sold billions in Amazon stock. That doesn't mean you should sell too.  MarketWatch
  5. Jeff Bezos could save millions from Florida move as he sells Amazon stock  Quartz

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