AdvertisementEarlier this month, Bezos announced plans to unload 50 million Amazon shares , worth about $8.5 billion, over the next year.
Last week, he sold 12 million shares worth more than $2 billion, per SEC filings.
But he stopped in 2022 — the same year Washington state imposed a 7% capital gains tax on gains of over $250,000 for those domiciled there.
Florida, in contrast, has a capital gains tax rate of zero.
In fact, it is one of the eight states that does not have a capital gains tax.
Persons:
Jeff Bezos, he's, —, Rich, Lauren Sanchez, Blue, Sanchez, Miami, Bezos, It's, Ken Griffin, Carl Icahn, Daniel Och, Josh Harris, Griffin —, it’s, it's, Bill Gates, Steve Ballmer, MacKenzie Scott
Organizations:
Miami, Service, SEC, CNBC, Sunshine State, Evergreen State
Locations:
Washington, Florida, Miami, Canaveral, Texas