RE: Washington state has no income tax, which is enshrined in our state Constitution.
Neither does Florida. Bezos is moving to Miami.
Here is a more detailed breakdown of the taxes in each city (question answered by Google’s Bard GPT) :
Miami, Florida
State income tax: 0%
State sales tax: 0%
Local sales tax: 7%
Property tax: 1% of assessed value
Seattle, Washington
State income tax: 0% - 9.9% (Seattle has a progressive income tax system, which means that the tax rate increases as your income increases. The specific tax rate that you pay depends on your taxable income, which is your total income minus certain deductions and exemptions.)
State sales tax: 6.5%
Local sales tax: 1%
Property tax: 1% of assessed value
He paid $150 million for two adjoining properties. That may be as much as $1.5 million a year. As a life-long Floridian I say thank you, Jeff.
Really?
Someone better explain that to Turbo Tax.
I have been filing electronically for the last 25 years, and Turbo Tax has never mentioned that I owe income tax to Seattle or Washington state.
9.9% used to be the total sales tax in Seattle.
I think it is 11% now.
There is also a business revenue tax for businesses that are NOT engaged in retail sales.