Financial experts predicted Jeff Bezos’s move to Florida would pay off handsomely—and they were right. So far, the Amazon founder’s tax savings have been astronomical, worth an estimated $1 billion this year alone.
Financial experts predicted Jeff Bezos’s move to Florida would pay off handsomely—and they were right. So far, the Amazon founder’s tax savings have been astronomical, worth an estimated $1 billion this year alone.
…you don’t cash out your entire retirement accounts but when you retire.
250k in capital gains, and instead of the usual 10%, you’re paying 17% on it. Because that’s a shit ton of stock to sell in one year
No but you might move your money to a different, lower-risk investment. With that said, my post was poorly-written and the part about retirement was extraneous. I should have just said
Moving money within a retirement account, or even between retirement accounts does not incur capital gains, either.