Jeff Bezos’ move to Miami will save him more than $600 million in taxes | Top Vip News


Jeff Bezos and Lauren Sanchez walk through the Paddock before final practice ahead of the Miami F1 Grand Prix at the Miami International Autodrome on May 6, 2023 in Miami, Florida.

Clive Mason | Formula 1 | fake images

Jeff Bezos’ $2 billion stock sale last week came with an added benefit: 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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