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Califorinia To Get Record $2B Loot From Facebook; Budget $16B in Red, Will Barely Make A DentKCURMay. 21, 2012 |
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 [...]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. Read More 
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