Is Jeff Bezos Moving To Florida To Avoid Washington State Taxes?
In 2022, Washington State imposed a 7% tax on sale of stocks and bonds exceeding $250,000 Opponents called it an income tax on Capital Gains while the Washington State Supreme Court has ruled it was an excise tax, not an income tax as outlawed in the Washington state constitution. Meanwhile, Jeff Bezos, founder of Amazon and one of the world's wealthiest individuals has done something that seems to suggest he doesn't like the Capital Gains tax anymore than the average person.