Chairman, CEO and President Jeffrey P. Bezos sold 1,000,000 shares for $3,022.84, generating $3.02 billion from the sale.
Other notable Amazon Insider Sales:
CEO Amazon Web Services Andrew R. Jassy sold 6,945 shares for $3,061.74, generating $21.26 million from the sale. CEO Worldwide Consumer Jeffrey A. Wilke sold 2,000 shares for $3,011.40, generating $6.02 million from the sale. These shares were sold indirectly through a trust. Director Jonathan Rubinstein sold 329 shares for $3,061.74, generating $1 million from the sale.
Jeff Bezos has been a big seller of Amazon.com stock this year, starting with a large 2 million shares sale worth $4.07 billion in February and then another 1 million shares sale in August worth $3.13 billion, as you can see here. In total, he sold 4 million shares worth $10.22 billion this year. To put this in perspective, the median market cap of the 505 constituents of the S&P 500 index is $22.34 billion. He sold 1.5 million shares worth $2.83 billion last year and just 20,164 shares in 2018.
(from SeekingAlpha)
So…Can Anyone explain to me how’s he’s gonna avoid paying capital gains tax on this 3 billion dollars? I know he’s gonna find a way I am just curious to know how? Like businesses can move to tax havens or post artificial losses. But i wonder how individuals do it
Edit: Was just about to post this. Apparently, he could just live in Florida and pay no capital gain tax as Florida has no capital individuals.
