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Halls of Shrewd'm / US Policy
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Author: hclasvegas   😊 😞
Number: of 77760 
Subject: Re: In view of what's happening in Cali
Date: 05/07/26 8:33 AM
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As usual many here are, factually challenged, to be kind. “ Jeff Bezos has sold over $30 billion worth of Amazon stock in taxable transactions since 1998 to fund philanthropic efforts, Blue Origin, and personal expenses. Notably, he sold roughly $13.6 billion in 2024, paying an estimated $2.7 billion in federal taxes, and recently sold an additional $5.7 billion after relocating to Florida to avoid state capital gains taxes.Key details regarding Bezos's stock sales:2024-2025 Sales: Following a pause in 2022–2023, Bezos sold over $13.5 billion in shares in 2024, and continued selling in 2025, including a planned 50-million-share sale designed to capitalize on Florida's lack of state capital gains tax.Tax Impact: By moving to Florida, Bezos saved an estimated $140 million on a single $2 billion sale and over $600 million on a broader, pre-planned sale, as reported by Yahoo Finance and CNBC.Historical Sales: Since 2017 alone, he has sold over $36 billion in shares, according to analysis from Inequality.org.Remaining Stake: Despite these sales, Bezos remains one of the largest shareholders of Amazon, with an ownership stake that was still around 9%–10% as of late 2024–2025.These sales are considered taxable events because they are treated as long-term capital gains, and he has not purchased significant amounts of stock to offset these sales.“
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