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Jeff Bezos keeps selling Amazon stock after announcing his move out of Washington state
(www.geekwire.com)
Jared Walczak, vice president of state projects at the think tank Tax Foundation, wrote in November that “a Washington state revenue official was probably moved to tears” with Bezos’ announcement that he was moving to Miami.
“And whether tax savings motivated his move or not, the implications for Washington are very real, and serve to illustrate just how dangerous it can be to design tax systems that rely so overwhelmingly on a very small number of taxpayers choosing to stay put,” Walczak wrote.
Jared Walczak is as dumb as a bag of bricks if he thinks the people or government of Washington state give two fucks about whether Jeff Bezos lives there.
In his post on Instagram announcing the move away from Seattle, Bezos said he wanted be closer to family in Miami and operations for his Blue Origin space venture. He did not mention taxes.
Lmao one of the richest men in the world decides he wants to live in Miami, where there are beautiful beaches and tropical weather, instead of Seattle, where there's drizzle, and ol' Jared says "See!! That's 'cause taxes!!" Jeff Bezos has so much money he wouldn't even notice the taxes he would've owed. I hope more states institute similar capital gains taxes
