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.
The storyline would revolve around him needing a roommate and then his roommate being invasive and eventually finding out that the roommate killed some people on purpose a few years back and... He's going to need a new roommate. One per season.
He spent 75 million for the house next to one he already owned. He's worth $156 billion.
Let's say you have 100k in the bank. The equivalent purchase for you would be something costing roughly $50. He bought a mansion worth more than I'll ever see for proportionally less than what I would spend on an AAA video game.
Oh and it'll either hold value or appreciate, so he will likely just make more money on it. Or at the very least pay relatively a lot less once he decides to sell.
Let's say you have 100k in the bank. The equivalent purchase for you
Not necessarily a good comparison, because most people with 100K in the bank have a higher income/savings ratio than Bezos (whose income is basically just the return on his wealth).
So it would be more accurate to say, "Let's say you are retired with 100K in the bank. The equivalent expense for you would be $50.64".
Yeah that's fair. But also it's realistically vastly more complicated and almost incomparable because with $156B you can actually manipulate markets to improve your returns. People will buy your house at a premium to say they own Jeff Bezos' previous property. Etc. Beyond the direct ratio comparison, there are so many fundamentally inequal parts about wealth at that scale.
Say he earns less than a high yield savings account for a year (~4.5% currently), he can retire on only that year's income with over 7 billion in the bank and this purchase would be more like someone with 100k saved spending 1k (on a house).
Trump’s based there, Ken Griffin, now Bezos…it’s almost as if they’re moving somewhere that will allow them to make a quick getaway on their mega yachts. Well, except Donny, he’s probably only got a pedalo.
For the cost of his one property just purchased, I could establish free good healthcare, education, housing and food * for myself, my kid and my entire county * for generations.
I can't blame him, I moved to Miami proper about 2.5 weeks ago and I absolutely love it. It's a million times better than Manhattan/NYC that I lived in for 5 years.
Edit: Everyone always focuses purely on politics, which isn't everything. DeSantis is a fucking moron, but South Florida is largely liberal. Half the people I meet down here are from New York, New Jersey or Philly. My friend's friend came down from Manhattan to Orlando with us back in August after not being here for 20 years, the first thing she said after stepping out of the airport and getting on the highway was "Wow, it's so beautiful here!" and then later when we went shopping "Wow, everything is so cheap!". We've all lulled ourselves into thinking that living in NYC is great and nothing can beat it, when in reality the quality of life sucks for a lot of people unless you're well off.
Saying "NYC is great because there is a lot of things to do" is the same as saying "Florida sucks because it's hot and DeSantis is the governor", it's ignoring a lot of things.
2.5 weeks ago is definitely long enough to know as much about as place as another place you lived in for 5 years. I'm sure you'll never find anything to dislike if you haven't yet.
Miami proper is a lot smaller than NYC. Miami proper is slightly smaller than Manhattan, so it's a lot easier to get a feel for the area. The only downside so far is that it's beneficial to have a car since Florida is so big, but where I am, mostly everything is within a 20 minute walk or less. Tons of people have e-scooters to get to places further away.
Obviously it's scorching hot during the late Spring until the early Fall, but that's why we have a pool, central air, and tons of beaches. Also the nice bay breeze really cools you down, compared to the still air of the NE. The North East is just as bad during June to August (it was literally just as hot and a few days hotter in South Jersey than it was in Miami, go figure), except the air is relatively still, Jones and Rockaway Beach are a hike for most New Yorkers, and the most pools are private. Public pools are usually gross, and I never saw one in Manhattan.
I'd rather sweat my ass off half the year, than freeze my ass off for 3 months and never know what clothes to wear because it's 30F out with 10 mph winds, but it's 65% humidity and you have to walk everywhere or get on a subway car that's 70F when you're dressed for 30F. At least it's consistent down here: what am I going to wear today? Shorts and a T-shirt or opened button-up.
Raised in NYC, visited Miami. Similar opinion as yours, it's all appearances, very little substance. Just like the foundations they keep building collapsing buildings on.
The politics may suck, Ron Desantis is a moron, but South Florida is largely liberal unlike central and northern Florida. Not everything is about politics, you know.
The quality of life in NYC is abysmal, especially in Manhattan unless you're rich, and you damn well know it's true. When I lived in Brooklyn a few months back I was paying $2500/month for a 600 SQ ft one bedroom that had in wall ACs that weren't sealed properly and let all humidity in during the summer and the cold during the winter which of course increased my already high ConEd bill, a dishwasher, and pay to use laundry in the basement. I also had practically no storage space, my kitchenette had one drawer for stuff. The only subways were the F&G which were a 10 minute walk away, there was practically nothing to do in my neighborhood (Windsor Terrace, by South Slope/Park Slope which was a 20 minute walk). It took minimum 25 minutes to get into Manhattan, downtown Brooklyn was about the same unless you biked there, and who really wants to ride a bike during the scorching summer or late fall and during winter? Not me.
I now live in the equivalent of FiDi. My apartment is 800 SQ ft, I have central air, more storage space than I know what to do with (I have a freaking walk in closet!), washer and dryer in the apartment, a dishwasher, trash pickup every night (I put my trashcan outside my door and they take it), an in ground pool on the roof with a sundeck and cabana with gas grills, a full gym, a huge club house with two pool tables, and a freaking movie theater that you can pay your own content on. It's also a 10 minute walk to all the shops, restaurants, and nightlife around here. I'm paying $100 more a month for all of that. I feel like I'm living in a fucking palace. The equivalent in Manhattan would easily be $3800-4000 per month, I know because I looked and was about to move back to FiDi and drop 3 grand for a tiny place that was at least nice, before I got laid off.
Also the city doesn't smell like ass and there isn't trash all over the place like there is in Manhattan.
It's currently about 75F here with a nice strong breeze, it feels like a warm late spring day, not uncomfortable in the slightest.