Jeff Bezos Paid more for his New House than Amazon has Paid in 2019 Taxes

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Jeff Bezos’ palatial new home in Beverly Hills reportedly cost him $165 million. Meanwhile, Bezos’ company Amazon has reported paying only $162 million so far in taxes for 2019. Andrew Keshner reports at MarketWatch:

Amazon CEO Jeff Bezos is reportedly paying $165 million for a palatial Beverly Hills mansion, and, according to SEC filings, with that sum the Amazon AMZN, +0.36% founder could have footed the entire 2019 federal tax bill his company is planning to pay this year. He’d have $3 million left over.

Bezos purchased the Warner Estate, originally designed in the 1930s for the Warner Bros. T, -0.09% president Jack Warner, from music mogul David Geffen, the Wall Street Journal reported, citing sources described as familiar with the transaction.

That surpasses the previous highest price paid for a home in California. Last year, media executive Lachlan Murdoch spent $150 million on Chartwell, the Bel-Air mansion famous from the television series “The Beverly Hillbillies.” Lachlan Murdoch is the son of media mogul Rupert Murdoch and co-chairman of News Corp, which owns Dow Jones & Co., publisher of MarketWatch and the Wall Street Journal. (A spokesperson for News Corp declined to comment.)

Amazon owes more than $1 billion in federal income taxes for 2019, according to SEC filings submitted last month. The online retail pioneer so far has paid $162 million on its 2019 bill, with the remaining $914 million owed in 2019 federal income taxes deferred, the filing noted.

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