Jeff Bezos Will Save Billions on His Tax Bills by Moving to Miami

Posted on AllSides November 6th, 2023
From The Center

Amazon founder Jeff Bezos is escaping more than Seattle’s gloomy weather with his cross-country move to sunny Miami. The world’s third-richest person, worth roughly $161 billion according to Forbes, will also ditch Washington State’s hefty taxes, likely saving him billions of dollars over the long term, according to securities filings, tax lawyers and accounting experts. Aaron Johnson, a tax lawyer at law firm Lane Powell in Seattle, told The Messenger that Bezos “stands to benefit from significant tax savings if he changes his domicile.” On the immediate front, The Washington...

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