Bezos to Say Goodbye to WA: Taxes Have Consequences

By Chris Corry

SEATTLE–Jeff Bezos is trading the shores of Lake Washington for the beaches of South Florida. The announcement of his move has made news for various reasons but most notable is the impact of the recently enacted Washington "excise tax" on capital gains would have on the Amazon Founder.

As noted by our friends at the Tax Foundation, Jeff Bezos sold about $15 billion in stocks before...