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Old 11-03-2023, 03:07 PM
 
Location: Free State of Florida
25,693 posts, read 12,772,161 times
Reputation: 19266

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Quote:
Originally Posted by kyle19125 View Post
It's not really a "win" given it was a decision made to be close to his aging parents in their twilight years, versus some political/economic statement. If anything it's a typical Florida theme for many in the same boat.
Avoiding 7% capital gains in UGE for him. Plus, no state income tax.

Florida is a low tax state, and that appeals to everyone...even Billionaires...huge win for Florida...economic impact, potential jobs, & others will follow.

Trust me, Seattle and Washington are over this right now. They just lost Millions. Their loss is our gain.
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Old 11-03-2023, 03:14 PM
 
17,533 posts, read 39,105,017 times
Reputation: 24287
Quote:
Originally Posted by beach43ofus View Post
Economic impact. He already bought $150,000,000 worth of real estate in Miami.

All the money he spends here will be taxed. He's very likely to bring, and create, jobs here too.

Other Tech leaders will likley follow, & they'll spend a lot of $ here too.
OK, thanks
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Old 11-03-2023, 03:57 PM
 
Location: Somewhere on the Moon.
10,059 posts, read 14,929,390 times
Reputation: 10363
Quote:
Originally Posted by Thundarr457 View Post
Welcome Jeff, to sunny tax free Florida.
Oh, he will certainly notice the greater sunshine. He's coming from Seattle. Cloudy and rainy anyone?
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Old 11-03-2023, 04:45 PM
 
17,280 posts, read 21,998,333 times
Reputation: 29586
Quote:
Originally Posted by beach43ofus View Post
Economic impact. He already bought $150,000,000 worth of real estate in Miami.

All the money he spends here will be taxed. He's very likely to bring, and create, jobs here too.

Other Tech leaders will likley follow, & they'll spend a lot of $ here too.
and that is .001% of his net worth.

So in not so rich terms, if he was a millionaire then he spent $1000 on his new house.
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Old 11-03-2023, 05:12 PM
 
Location: California
1,638 posts, read 1,107,138 times
Reputation: 2650
Quote:
Originally Posted by City Guy997S View Post
and that is .001% of his net worth.

So in not so rich terms, if he was a millionaire then he spent $1000 on his new house.
What are property taxes on a 150,000,000 home?

Will he bring some jobs with him or open a new office? Almost certainly…
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Old 11-03-2023, 05:32 PM
 
3,833 posts, read 3,335,667 times
Reputation: 2646
Quote:
Originally Posted by beach43ofus View Post
https://www.foxbusiness.com/business...ounding-amazon

Here comes another Billionaire to SE Florida, and the 3rd richet man on Earth.

Bezos is leaving Seattle he announced last night, & he's headed to Miami....actually back to Florida where he was raised.

The economic impact of a man with his wealth is a huge win for Miami, & Florida, & a huge loss for Seattle & Washington.

Florida just keeps winning. Washington just enacted a 7% capital gains tax, while Florida has none.
He probably won't be here a lot of the time since he just bought that new yacht as well. He owns several properties. I like the Hawaii one he has the best because it's on 14 acres and spread out! He's also purchasing more property there as well.

Bezos owns properties all over the place. Most of these multi billionaires too. I think Bezos already owns another house in South Florida though. Probably for tax reasons so money is not tied up in liquid and it's also diversified investments. I know Amazon is a well off company but it's still not good to have everything tied up to one company.

Same reason Bill Gates has a huge real estate portfolio. Bill Gates also owns property in Southeast Florida as well.


https://nypost.com/article/jeff-bezo...ate-portfolio/
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Old 11-03-2023, 05:34 PM
 
Location: Florida
2,331 posts, read 2,276,900 times
Reputation: 3592
Quote:
Originally Posted by rainroosty View Post
What is a "UHNWI"?
Ultra High Net Worth Individual… Assets >$30m.
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Old 11-03-2023, 06:23 PM
 
Location: Free State of Florida
25,693 posts, read 12,772,161 times
Reputation: 19266
Quote:
Originally Posted by City Guy997S View Post
and that is .001% of his net worth.

So in not so rich terms, if he was a millionaire then he spent $1000 on his new house.

The $150M Bezos spent = 264 average Miami priced homes.

If 1 person bought 264 homes in Miami in a short time frame, it would be a bfd

Its nothing to him, but its a big deal to the housing market in Miami, & for Miami's economic impact
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Old 11-03-2023, 07:32 PM
 
89 posts, read 153,404 times
Reputation: 251
How exactly is this a win for FL..? It's a loss actually. DERR. Lol @ thinking the uber rich/elites coming to a town near you is going to help you in any way, shape, or form.
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Old 11-03-2023, 08:12 PM
 
27,169 posts, read 43,857,618 times
Reputation: 32204
Quote:
Originally Posted by cowpat5 View Post
How exactly is this a win for FL..? It's a loss actually. DERR. Lol @ thinking the uber rich/elites coming to a town near you is going to help you in any way, shape, or form.
But....but....Trickle Down Economics!
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