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Meanwhile Jeff Bezos sells another $2B in Amazon stock, brings weekly cashout total to $6B https://www.msn.com/en-us/money/markets/jeff-bezos-sells-over-4-bill
by oblib 3y ago
Meanwhile Jeff Bezos sells another $2B in Amazon stock, brings weekly cashout total to $6B
https://www.msn.com/en-us/money/markets/jeff-bezos-sells-over-4-billion-in-amazon-shares-in-past-week/ar-BB1if8Wr https://www.msn.com/en-us/money/markets/jeff-bezos-sells-ove...
But the good news is Bezos will save over $600M in taxes on his stock sale thanks to Seattle-Miami move:
https://www.msn.com/en-us/money/realestate/jeff-bezos-will-save-over-600m-in-taxes-on-his-stock-sale-thanks-to-seattle-miami-move/ar-BB1iaNSK https://www.msn.com/en-us/money/realestate/jeff-bezos-will-s...
- losvedir 3y agoHe'll be paying $1.7B on the sale in taxes federally. It looks like by moving from Washington State he's not paying those $0.6B to the state, though. If I'm understanding that article correctly.
- HDThoreaun 3y agoAt least he's paying taxes unlike the vast majority of tech billionaires who do buy borrow die.
- bushbaba 3y agoBorrow to die only works with zirp. With higher rates it’s cheaper to pay taxes
- HDThoreaun 3y agoAs long as equity returns are higher than interest rates buy borrow die is effective. When youre a billionaire its not an effective way to not pay taxes ever, but its still extremely effective for delaying them. You get $26 million stepped up on death completely untaxed so buy borrow dying that much always makes sense.