Jeff Bezos Reaps Florida Tax Benefit With $4 Billion Amazon Sale

Jeff Bezos didn’t cite taxes among the reasons for his recent move to Miami from the Seattle region, but the fiscal benefits of his relocation to the Sunshine State are becoming very obvious.

Leaving Washington state, which in 2022 introduced a 7% tax on capital gains, could have saved Bezos $288 million in taxes after he unloaded $4 billion of Amazon.com Inc. stock in the past week.

Bezos said in November that was he moving to Florida, which doesn’t tax capital gains, from Seattle to be closer to his parents and the Cape Canaveral operations of his space-exploration company ...