Casual_Observer

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.

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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!


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