Who says the rich don't pay taxes...

Started Dec 20, 2013 | Discussions thread
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Who says the rich don't pay taxes...
Dec 20, 2013

Mark Zuckerberg has announced that he will sell Facebook stock.

Here are the numbers:

He will exercise options and record $3.3 Billion in taxable gains.

He will give to charity $990 Million, leaving him $2.3 Billion in taxable gains.

He will pay fed and state taxes of up to 53.8% of $1.2 Billion.

He will be left with $1 Billion out the the original $3.3 Billion.

I didn't realize that the tax bites were quite so high, even after the charitable giving.... Even at a young age he is showing his social responsibility...I applaud him.

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