Califorinia To Get Record $2B Loot From Facebook; Budget $16B in Red, Will Barely Make A DentKCUR
May. 21, 2012
Swedish Journalist Who Worked To Demystify No-Go Zones Gets Shot In No-Go Zone
Canadian PM Justin Trudeau Says All Men Should Be Feminists, Calls For End to 'Bro Culture'
Here's The Source Of The 'End-of-World Prediction' That Interrupted TV Broadcasts in Orange County
McCain, Graham Move Towards Banning RT From U.S. Airwaves
Fake Hate? 'Trump Rules' & Poorly Drawn Swastikas Spray-Painted On Monument In Milwaukee
[...]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.