Sunday, May 6, 2012

California to reap windfall from Mark Zuckerberg in Facebook IPO

Facebook CEO Zuckerberg, who stands to make more than $1 billion from selling about 30 million shares during its IPO, may have to pay the state $189 million in taxes.

SAN FRANCISCO — California has a friend who's about to write a hefty personal check that could help ease the state budget crunch.


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