Re: this billionaire asshole avoided $1b in taxes this year

On Mon, 8 Jul 2024, Retrograde wrote:

From the «eat the rich» department:
Title: Jeff Bezos's Move From WA To FL Has Saved Him Close To $1B in Taxes This Year
Author: feedback@slashdot.org
Date: Sun, 07 Jul 2024 18:42:00 +0000
Link: https://yro.slashdot.org/story/24/07/07/186222/jeff-bezoss-move-from-wa-to-fl-has-saved-him-close-to-1b-in-taxes-this-year?utm_source=rss1.0mainlinkanon&utm_medium=feed
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As Amazon's stock hits a record high (rising 32% just this year), long-time
Slashdot reader theodp writes: GeekWire reports that Jeff Bezos keeps selling
Amazon stock after announcing his move away from Washington state — and its 7%
tax on capital gains of more than $262,000 from the sale of stocks and bonds —
to Florida, which does not have a capital gains tax (like WA, FL also does not
tax personal income). Taylor Soper writes, "Bezos saved more than $600 million
by moving to Miami and avoiding Washington's capital gains tax, CNBC reported
in February, based on his sale of 50 million shares [$8.5 billion] earlier this
year. With the sale of 25 million additional shares [$5 billion], revealed this
week in a regulatory filing, Bezos will likely have saved close to $1 billion
in total so far. It's a giant chunk of change that would have otherwise gone to
the state of Washington."
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[image 2][2][image 4][4]
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Read more of this story[5] at Slashdot.
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Links:
[1]: http://twitter.com/home?status=Jeff+Bezos's+Move+From+WA+To+FL+Has+Saved+Him+Close+To+%241B+in+Taxes+This+Year%3A+https%3A%2F%2Fyro.slashdot.org%2Fstory%2F24%2F07%2F07%2F186222%2F%3Futm_source%3Dtwitter%26utm_medium%3Dtwitter (link)
[2]: https://a.fsdn.com/sd/twitter_icon_large.png (image)
[3]: http://www.facebook.com/sharer.php?u=https%3A%2F%2Fyro.slashdot.org%2Fstory%2F24%2F07%2F07%2F186222%2Fjeff-bezoss-move-from-wa-to-fl-has-saved-him-close-to-1b-in-taxes-this-year%3Futm_source%3Dslashdot%26utm_medium%3Dfacebook (link)
[4]: https://a.fsdn.com/sd/facebook_icon_large.png (image)
[5]: https://yro.slashdot.org/story/24/07/07/186222/jeff-bezoss-move-from-wa-to-fl-has-saved-him-close-to-1b-in-taxes-this-year?utm_source=rss1.0moreanon&utm_medium=feed (link)
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Don't worry, as far as I know, the US also has federal taxes, so plenty of millions rolling in from Bezos.
If he would be serious, he could probably just move to the Bahamas or setup a non-profit foundation and then he'd pay a lot less than he does today.