TWO BILLION DOLLARS IN TAXES?!?!?! WTF?!
When Facebook goes public, Mark Zuckerberg will be a billionaire, hands down.
But due to the fact that stock options are heavily taxed, the government will come down on Zuckerberg HARD!
When the IPO is over, Facebook will be worth $100 BILLION!!! Adding that fact to Zuckerberg's options that he plans to sell, he's raking in $5 billion.
This is where all that money hurts Zucky: With California's 10.3% income tax on those who make more that one million bucks combined with the marginal tax rate at 35%, the Facebook creator may have to pay between $1.5 to $2 Billion.
That's a lot of money; it might as well be a government donation!
We'll see what happens to all that cash!
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[Image via WENN.]