"Jeff Bezos' Tax-Saving Move to Miami and $2 Billion Amazon Share Sell-Off"

Jeff Bezos saved over $600 million in taxes by moving to Miami from Washington state, which imposes a 7% capital gains tax on stock sales. Florida has no state income tax or tax on capital gains, allowing Bezos to save a significant amount on his recent $2 billion stock sale and future sales. This move comes as Bezos has made significant investments in properties and a mega-yacht, with his tax savings more than covering the cost of his new 417-foot yacht.