December 20, 2023
Marcum’s National State & Local Tax Practice Co-Leader John Bonk unpacks the tax repercussions of Jeff Bezos’ move to Florida for Bloomberg Tax
Bloomberg Tax
By John Bonk, Partner, National Co-Leader - State & Local Tax
Excerpt:
As Amazon.com founder and executive chairman Jeff Bezos transitions his residency from Seattle to Miami’s Indian Creek Village—an elite enclave known as the “billionaire bunker”—questions arise about a potential trend and its tax implications for Washington state and beyond.
Bezos, who announced the move on Instagram Nov. 2, attributed it to personal connections and strategic business shifts. Yet it coincides with favorable tax benefits the Sunshine State offers.
