From CNBC:

Jeff Bezos recently sold $2 billion in stock, with the added perk of avoiding state taxes. After leaving Seattle last year, Bezos moved to Miami, where there is no state income tax or capital gains tax. He stopped selling Amazon stock in 2022 due to Washington state’s capital gains tax, but has resumed after moving to Florida. He saved $140 million on last week’s sale and will save at least $610 million on future sales. Bezos used the tax savings to pay for his 417-foot yacht and purchase two mansions in Miami for $147 million. He is also considering tearing down the mansions to build a new estate, which could cost over $200 million.



Read more: Jeff Bezos’ move to Miami will save him over $600 million in taxes