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 the President of the Freedom Foundation, a non-profit, public policy research organization founded in 1991. The Freedom Foundation’s mission is to advance individual liberty, free enterprise, and limited, accountable government. Tom is a tireless advocate for the free-market movement. For 21 years Tom lead the Building Industry Association of Washington, quadrupling their membership and increasing revenue from $400,000 to $10 million per year. Under Tom’s leadership, BIAW spearheaded statewide initiatives to roll back taxes and regulations. According to the Wall Street Journal, BIAW was the “counterbalance to labor unions in Washington State.” In 2011, the American Conservative Union presented Tom with the Ronald Reagan Award for his years of service in the conservative movement. Before coming to Washington State, Tom served in Washington, D.C. as Director of Congressional Affairs for the U.S. Veterans Administration under President Ronald Reagan. Tom and his wife Susan live in Olympia. They have three sons.