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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: hclasvegas   😊 😞
Number: of 84362 
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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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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