Follow this step‑by‑step checklist to legally slash your state tax bill by strategically timing income, assets, and residency.
Based on: This Move Saved Jeff Bezos $1 BILLION In Taxes. Here's The Strategy by Sherman - My CPA Coach
▶ Watch the source video on YouTube
What if your zip code was quietly costing you tens of thousands of dollars every single year — and you had no idea? Most people think taxes are just something that happens to them, a number on a form they hand off to someone else. But the ultra-wealthy think about taxes completely differently, and CPA Sherman from My CPA Coach just broke down the billion-dollar proof. Jeff Bezos reportedly saved nearly $1 billion in taxes by doing something so straightforward it almost sounds too simple: he moved states before selling $13.6 billion in Amazon stock. No shady loopholes. No exotic offshore accounts. Just strategic thinking about when, where, and how to trigger income. Here's what stings: most people miss opportunities like this not because they're not smart enough, but because they're thinking about taxes after the fact. You sell an asset, then you ask how to save money. By then, it's too late. The taxable event has already happened. The wealthy pause, plan, and position themselves first. Washington state introduced a capital gains tax as high as 10%, and rather than just accepting the bill, Bezos reportedly stopped selling stock entirely, waited, relocated to Florida — a zero state income tax state — established legitimate residency, and then sold. The result? Nearly $1 billion in state taxes saved. That's the power of owning appreciating assets and controlling when you realize income from them. Sherman lays this out with the clarity that only a practicing CPA who does tax planning every single day can bring. He explains exactly why owning stock gives you a timing advantage that W2 earners simply don't have, why planning before a taxable event is everything, and what it actually takes to legitimately change your state residency so the IRS and state tax authorities accept it. This checklist turns Sherman's video breakdown into a clear, actionable plan you can actually follow. It walks you through every key ingredient: evaluating your state's tax rate, understanding how unrealized gains work, identifying when to pause income events, what legitimate residency change actually requires, and which states offer zero income tax. Whether you're sitting on appreciated stock, planning a big asset sale, or just starting to think seriously about where you live, this checklist gives you the framework to think like the wealthy do. Stop reacting to your tax bill and start designing it.
Every checklist item comes with actionable notes to guide you — things like "Don't forget to do this before you start," "Avoid this common mistake," or "Set a reminder for 30 days out." Nothing vague, just clear next steps.
+ 15 more action items inside...
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