Well, That Didn’t Take Long

Tom McCabe
February 20, 2024

As we reported in November, Jeff Bezos left Washington state and moved to Florida to avoid Governor Inslee’s 7% capital gains tax.

This week we learned Bezos, founder of Amazon, is unloading $4 billion of Amazon stock. Because of his move to Florida, Bezos will NOT pay $280 million in capital gains taxes to Inslee’s government.

Bezos is planning to sell another $4 billion in stock later this month. So he’ll save another $280 million. Total: over half a billion dollars he doesn’t have to fork over to Inslee, which makes Bezos move to Florida very worthwhile.

The Freedom Foundation spent over two years fighting the illegal income tax. We went all the way to the U.S. Supreme Court which declined to hear our case. That’s probably because the Justices concluded Washingtonians could move to 49 other states if they disagreed with the lawlessness of Inslee and his lackeys.

The problem is not everyone can leave. We’re not all like Bezos.

- Washington
, Amazon, Capital Gains Tax, Florida, Inslee, Jeff Bezos

Tom McCabe

President

Tom McCabe is Chairman of the Board of the Freedom Foundation. Tom served as the Freedom Foundation’s CEO from December 2013 to January 2021. Under his leadership, the Foundation focused entirely on freeing workers from government union bondage while exposing and combating abuses of corrupt government union leaders. The single focus galvanized staff, energized donors and developed a model that would be exported to every state. Before joining FF, Tom led the Building Industry Association of Washington for 21 years. Prior to coming to Washington State, Tom worked in the Reagan Administration in DC. Tom and his wife Susan live in Olympia.