Jeff Bezos Is Moving to Miami After 29 Years in Seattle
Jeff Bezos Is Moving to Miami After 29 Years in Seattle
Last month, Bezos snapped up a seven-bedroom mansion in Indian Creek, Florida, for $79 million. The area is known as "Billionaire Bunker."
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Wow. I'm sure this is completely unrelated to Washington state's proposed capital gains tax.
Eh. Bezos is rich enough he doesn't pay taxes. He'd just move his assets into a different state and claim the interstate commerce clause or some shit.
Uh, the interstate commerce clause merely states that Congress has the power to make laws regarding such commerce. What are you on about?
What's the skinny on that?
I'd like to pile on because I agree with the sentiment, but in reality it probably doesn't even make a dent in his wallet or thought process.
It taxes assets 1% on anything you own over $250 million, per year. If you own $251 million in assets, it would be $10,000 you owe on top of whatever other capital gains.
Note that Washington state has no income tax, so the state legislature is trying to find a way to bring in more funding for things we need.