businessinsider.com – By Madeline Berg – In a tale as old as our convoluted tax code: Rich people will do anything, including move across the country, to avoid paying taxes.
Jeff Bezos announced in November that he was leaving Washington state, his home for 29 years, and moving to Florida with his fiancée Lauren Sanchez. The pair scooped up two properties for $179 million in the exclusive Indian Creek Village, an island off of Miami known as the “billionaire bunker.”
He cited a slew of reasons for the move: He wanted to be closer to his parents and Blue Origin’s Cape Canaveral operations, plus he and Sanchez love Miami. What he didn’t mention was Florida’s favorable tax code.
It looks like it probably factored in, though.
More… https://www.businessinsider.com/jeff-bezos-miami-move-shows-challenges-taxing-rich-2024-2?op=1