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This was the first time Bezos had sold stock since January 2022.
Unlike Washington, Florida doesnt have a state income tax, capital gains tax or estate tax.
Bezos first announced his move from Seattle to the Miami area in anInstagram postin November 2023.
The sale was completed in November for gross proceeds of an additional $5.1 billion.
So what can everyday Americans learn from his move?
Heres what you gotta know.
However, residents in some states pay more than others.
There are other factors to consider when relocating besides whether the state has an income tax.
Property and sales taxes, excise tax and home insurance can also affect the overall cost of living.
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