return2ozma@lemmy.world to News@lemmy.world · 9 months agoJeff Bezos will save over $600 million in taxes by moving to Miamiwww.cnbc.comexternal-linkmessage-square134fedilinkarrow-up1396arrow-down118
arrow-up1378arrow-down1external-linkJeff Bezos will save over $600 million in taxes by moving to Miamiwww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 9 months agomessage-square134fedilink
minus-squarehrimfaxi_worklinkfedilinkEnglisharrow-up2·9 months agoI hope he’ll be okay. With $2 billion liquidated, his cash on hand is only the average lifetime earnings of 1,176 Americans. Assuming the average American starts working at age 18 and stops working at 67, that’s just 57,624 years’ worth of American wages. It’s a shame he’s considering exercising another $6 billion of his stock between now and the end of the year just to get by.
I hope he’ll be okay. With $2 billion liquidated, his cash on hand is only the average lifetime earnings of 1,176 Americans.
Assuming the average American starts working at age 18 and stops working at 67, that’s just 57,624 years’ worth of American wages.
It’s a shame he’s considering exercising another $6 billion of his stock between now and the end of the year just to get by.