Jeff Bezos will save over $600 million in taxes by moving to Miami
Jeff Bezos will save over $600 million in taxes by moving to Miami
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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If I had 200 dollars and someone would offer me 60 cents for moving to Miami, I would not move.
If someone offered me $600M to move to Miami, I would offer someone $300M to move to Miami and pocket the rest
How long do I have to stay? I can buy someplace, lock the door and just be a shut in for a while.
Spock?
I hear Miami is a pretty fun town to live in, but I haven't been there since I was 6 so I have no idea. I don't expect to ever visit given it's in Florida.
He doesn't have a billion dollars in cash
His net worth is just under $200 billion.
He could easily liquidate 1 billion of that to cash.
The article states that he's planning to liquidate over $8B this year alone. I don't known what kind of drugs that other commenter is smoking.
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.
This article is about selling $8B of shares...
He just sold $2 billion in Amazon shares. So yeah, he has over a billion dollars in cash.