Financial experts predicted Jeff Bezos’s move to Florida would pay off handsomely—and they were right. So far, the Amazon founder’s tax savings have been astronomical, worth an estimated $1 billion this year alone.

  • Bronzebeard@lemm.ee
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    4 days ago

    …you don’t cash out your entire retirement accounts but when you retire.

    250k in capital gains, and instead of the usual 10%, you’re paying 17% on it. Because that’s a shit ton of stock to sell in one year

    • ArbitraryValue@sh.itjust.works
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      4 days ago

      …you don’t cash out your entire retirement accounts but when you retire.

      No but you might move your money to a different, lower-risk investment. With that said, my post was poorly-written and the part about retirement was extraneous. I should have just said

      with the assumption that there wasn’t a job tying me to any particular location