Facebook founder likely to pay USD 900 mn tax

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Facebook founder likely to pay USD 900 mn tax By TII News Service May 07, 2012 , Los Angeles
WITH the Facebook IPO about to hit the stock markets, its founder Mark Zukerberg, who is likely to rake in huge windfall by diluting his stake, may end up paying about USD 900 mn. The combined tax of 43% (36% of federal tax and 9.3% of California state tax) is likely to be levied on the total gains from the sale of his equity.

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