Jeff Bezos is moving to California. He bought David Geffens mansion for $165M. That equates to about 2.5M of property taxes per year for California. Bezos income should also become state taxable in 2020.

Comments (1)
Runner Dan
Runner Dan

"2.5M of property taxes per year for California"

Cool! After living there for 4 years, he will have generated enough principle for the state to support one retired teacher drawing $100,000 per year pension, just off the principle's interest (assuming 1% per year dividend). Hopefully he lives there a long time!

Global Economics