Califorinia To Get Record $2B Loot From Facebook; Budget $16B in Red, Will Barely Make A DentKCUR
May. 21, 2012
Trump: DREAMers Should 'Rest Easy'; Prosecuting Assange 'OK With Me'
Report: Bannon Warned Ailes Megyn Kelly Was 'The Devil,' 'She Will Turn On You'
Netherlands: Police Shoot Knifeman Screaming 'Allahu Akbar'
Obama Interferes In French Election To Stop Populist Marine Le Pen
Marine Le Pen: Restore France's Borders And Expel Foreigners On Watch Lists
[...]After today's Facebook IPO, Zuckerberg will owe nearly $200 million in California state taxes alone. That's "among the largest tax liabilities that a single individual has ever paid at a given point in time," says Jason Sisney of the California State Budget Legislative Analyst's Office.
[...]In all, Facebook's employees and early investors are expected to pay about $2 billion in California state taxes over the next 13 months. But California is almost 16 billion dollars in the hole. Facebook won't solve that problem.