Jeff Bezos will save over $600 million in taxes by moving to Miami

return2ozma@lemmy.world to News@lemmy.world – 378 points –
Jeff Bezos will save over $600 million in taxes by moving to Miami
cnbc.com
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How else do you force someone to pay taxes in a state they don’t live in?

You said it was a false dichotomy, right? What’s the other option(s)?

How about if we eliminated rent seeking and both states required these wealthy individuals to contribute to the society that allowed them to build said wealth in the first place? That's just one of countless possibilities.

“Let’s get Florida to institute a state income tax and more on top for capital gains to match.”?

I mean, yeah? I’d like that. Is it ever going to happen save some overarching federal law standardizing everything? No.

Is moving and no longer paying state taxes for a state you don’t live in anymore “theft”? Also no.