The founder and CEO of Facebook, Mark Zuckerberg, has been given a $1.1 billion tax bill for 2012. The reason being, that last May he purchased 60 million shares at 6 cents each. The IRS has deemed that the same as income and in turn received a 48.3% tax rate. It is said that, that is unusual for even billionaires to get that for an ordinary income.
I think that he had not done his tax return; it is his own fault that he has to pay so much.
What are your views?
The link is below.
http://finance.yahoo.com/news/facebook-s-mark-zuckerberg-faces--1-billion-tax-bill-203632097.html
Replies
Everybody needs to pay their taxes regardless of who they are. six cents a share is crazy!
I think that they are taxing him way to much. the rational behind it sounds forced. I don't really understand it admittedly. I hope it will get explained to me in future by way of The Social Network 2