Bezos' Latest Scheme To Dodge Taxes

Plus: Jesus ad outrages both left—and right.

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Jeff Bezos scams U.S. out of millionslegally, of course

Don’t look too closely, this image was AI-generated

This must just be a coincidence. After announcing last year on Instagram that he was moving from Seattle to Miami, billionaire oligarch Jeff Bezos stands to avoid paying some $600 million in taxes, according to CNBC.

That’s because last year, Washington state enacted a 7% capital gains tax on sales of stocks or bonds in excess of $250,000. Bezos lived in the state for 30 years and claimed he was moving to Florida to be closer to his parents and his Blue Origin rocket launches. But the timing suggests the tax savings might have had something to do with it, too.

CNBC reports Bezos has sold Amazon stock almost every single year since 1998—but abruptly stopped once the new tax took effect. Now that he’s in Florida, a state with no such tax, he plans to sell off 50 million shares in the next 12 months. At the latest Amazon stock price, that’s a cool $8.7 billion. If that holds, it would amount to $610 million dollars that would have gone to Washington state. That more than covers the cost of his $500 million superyacht.

This is not surprising coming form the man whose company appealed a paltry $7,000 fine after a worker literally died at one of their warehouses last year.

According to Oxfam, billionaires in the U.S. pay a smaller tax rate than most teachers and retail workers. Critics say it’s why we need a federal tax on billionaires, no loopholes—right now.

Jesus ads outrage both left and right

The conservative Christian hate group behind the “He Gets Us” Super Bowl ads Sunday night is facing a wave of criticism after spending at least $10 million on the two commercials. Named the night’s most controversial ad by the Washington Post, the short message has been slammed by people on the left (who say this money is better spent, you know, helping poor people) and by people on the right (who say the ad showed a “woke Jesus”).

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