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


Jeff Bezos and Lauren Sanchez walk in the Paddock prior to final practice ahead of the F1 Grand Prix of Miami at Miami International Autodrome on May 06, 2023 in Miami, Florida. 

Clive Mason | Formula 1 | Getty Images

Jeff Bezos’ $2 billion stock sale last week came with an added perk: no state taxes.

Last year, Bezos announced on Instagram that he was leaving Seattle after nearly 30 years to move to Miami. He said the move was to be closer to his parents and his rocket launches at Blue Origin. The timing also suggested another reason: taxes.



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