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Morning Brew Daily
Bezos Saving $600M in Miami Move & Zuck Roasts Apple Vision Pro
Feb 15, 2024
26:42
Snipd AI
Guest Bezos, billionaire selling Amazon stock and moving to Miami for tax benefits. Topics covered include Bezos' stock sale and Miami move, Bitcoin reaching $1 trillion market cap, Zuck's critique of Apple Vision Pro, Taylor Swift's influence on elections, and scholarships for corn hole players.
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Quick takeaways
- Jeff Bezos relocated to Miami from Washington to save hundreds of millions of dollars in taxes, emphasizing the impact of varying state tax policies on wealth redistribution across the country.
- Bitcoin's market cap surpassing $1 trillion is fueled by the approval of Bitcoin ETFs by the SEC and the upcoming Bitcoin halving, showcasing its potential as a valuable financial asset.
Deep dives
Jeff Bezos Moves to Florida to Avoid Taxes
Jeff Bezos, the CEO of Amazon, has moved to Florida from Washington, which allows him to save hundreds of millions of dollars in taxes. Florida has no taxes on capital gains, unlike Washington, which has imposed a 7% capital gains tax. Bezos has already saved $288 million in taxes and could ultimately save at least $610 million when all his stock sales go through. This move highlights how tax policies in different states can impact the redistribution of wealth across the country.
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