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News@lemmy.world · 1 year ago

Jeff Bezos will save over $600 million in taxes by moving to Miami

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Jeff Bezos will save over $600 million in taxes by moving to Miami

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News@lemmy.world · 1 year ago

Bezos plans to unload 50 million shares of Amazon before Jan. 31, 2025. Posting those sales in Florida will save him millions.

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1 year ago
He liquidated 12 million Amazon shares for approximately $2 billion last week. It’s the capital gains on that sale that OP’s article is referring to.

Unless you meant cash, in which case you’re probably right. I don’t think his brokerage settled the sale with briefcases of $100 bills.

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