Zuckerberg Paying Over $1.5B in Taxes Thanks to IPO

Facebook is crap. Upload personal data about yourself. Real smart. Allow the government to monitor your life, really smart. People should boycott facebook.

IPOs have had a tough time lately. Many planned IPOs were withdrawn during the past year and those that did launch didn't do as well as expected. Let's hope Facebook does better than the others.

A Standford dropout?

It's good to see the law is imposed for once so we don't see Zuckerberg pay zero taxes like other corporate weasals (Google, GE, etc) who blatantly try and do everything to pay as little taxes as possible, GE taking the cake for paying none at all.

Invest in companies that make something real!

its sick to me that he has to pay anything close to that...

i dont like facebook but you know the only reason tax is being applied to him is because he is new to being rich, thats whats wrong about it.

while what some polititions only pay 13% if that




sadly, those companies dont do well often lost 18k due to incopentance (not mine, people at the time managing my money) too... rather have my money in things that make nothing, because their value is largely base on what other people want it to be... you can somewhat guess when to go in and when to get out

1.5 Billion in taxes just goes to crooks. Give it to charity.


Although thats a crazy income tax bracket to be in. And what if the stock ftops, and owing all that tax?

Wouldn't he be better off to make an holdings company and sell the shares cheap to the holdings company. ANd the holdings company pays 20% tax.

20% tax is more then enough for the crooks in government.


When government sees a fat tax bill come in, they always find a way for that money to disappear.

And how in the HELL do you consider facebook the center of the internet... jesus

because its almost in as many places as google is.

No sympathy from me. He's so ridiculously rich he could spend $100,000 per day for the next 50,000 days before that $5B is gone. That's right people. Why any of you feel sorry for him is beyond me. That's more money than any one person could possibly ever need.

A Harvard dropout...

So glad I left FB a while back and never looked back. Regardless of how much money he has that just stupid to pay that much in taxes. All you rich haters go ahead and vote for Obama and see what happens in 4 more years lol. No more USA. Dont hate the rich hate the game. Make your own money stop whining!

It's not hating on the rich, nor is it whining, nor is it jealousy. It's the fact that every day people pay more % of their income than these crooks who manipulate the field do. $1.5B is a lot, yes, but not a sum that would affect anyone who has so many billions. To give an example, if a person who earns 50k is taxed 15k, it would make a HUGE difference. Most of these corporations/crooks pay way less (in terms of % of earnings) than the average family does which is despicable.

how is someone who worked for their money and made it legally but doesnt want to give 30-50% of it to a government that's going to spend it on a bridge to nowhere or a green company that goes bankrupt in a year a crook?

Uh, yet here you are... online. Facebook is one of a million ways you can be monitored... Don't think just because you're not a member of facebook, you can't be monitored.

Governments have been monitoring people long long before Facebook or even internet.

Some wise words for you to wrap that little brain around,

Sometimes... its best for one to remain quiet... that way they don't confirm their own foolishness.

no wonder other companies make their stuff everywhere else but in usa

Quite simply, it's the way the tax code works. Someone earning 50K likely earns an INCOME, so they pay INCOME tax. Lots of wealthy people who are worth and/or earn hundreds of thousands or millions/billions per year are often making that money from investments, retained earnings from owned businesses, dividends, etc, which have different tax rates. Anyone can try and find creative ways to avoid paying huge sums of money in taxes, but when you're wealthy, it's probably a lot more to your advantage to do so when there are millions on the line, vs saving a few hundred bucks when you're in the 50K income range. The U.S. gov't wastes ridiculous amounts of money as it is, and all they want to do is raise the debt ceiling and go further in debt. I wouldn't give them one thin dime if I had my way. No, I'm not wealthy, I'm one of those 50K income range guys, so I spend $9.95 to do my own taxes online b/c I don't want to pay an accountant a couple hundred bucks just to maybe save three hundred bucks, but if I were worth millions and I earned it myself, damn right I wanna keep it and not throw it away to the worthless gov't. I give what I choose to give to charities such as the V.A., Kidney Foundation, United Way and others, and that makes me feel better to help someone, not being forced to give away hard earned money to the gov't. As long as Zuckerberg or any other wealthy person isn't breaking the law and others suffer because of it, I could care less what he or anyone else pays in taxes or how they take advantage of the tax laws to reduce their tax debt. Good for them for beating a broken system.

The great American dream. Land of promises.

is dead.

If you try to work hard and do well, the govn't will tax you to death. Better off not working and collect welfare, cause it's easier.

Better to move the company to Cayman island ,Liechtenstein , Monaco almost 0% taxes. He want to stay in US and want to pay taxes. The government take money from a few honest companies and give the money to others companies.

"The Center of the Internet"? Pff, yeah right, only in his own twisted mind. The net would survive just fine if Facebook would hit the dirt face first (hah!), if anything Google is the center since the net is about finding information, and only Google (as the absolute dominant of all web crawlers today) allows you to do that properly.

every 1 should pay there taxes not just the middle class. if you earn more than you should pay more... to many of the top 1% dont pay taxes. they are not only dodging there responsibility to the country that gave them the opportunity to make that money. they are stealing from there own pockets in the long run... if you create jobs your companies grow creating more wealth for you in the long run, but most of em want there money now... seriously whats the point of hoarding billions when you can never spend it... all your doing is depriving others and causing them to resent you...

Never cared much for Zuckerberg, and I never jumped on the bandwagon of Facebook to make fake friends.

Larry King once asked Bill Gates how much he pays in taxes when Bill and His father were being interviewed, Bill said he pays 6 Billion in taxes!!! That's besides what his foundation gives to charities.

We need to elect Mitt Romney so Zuckerberg can get a tax break.

We don't need schools and roads as badly as Zuck needs a new luxury yacht the size of Rhode Island, and if we cut taxes enough, we might even be able balance the budget and triple defense spending to 30 times what the next country spends.

1. He dropped out from Harvard.
2. It's spelled Stanford, not Standford.
3. Stanford is officially Leland Stanford Junior University, which is a great joke here at Cal! Go Bears!

What exactly do you think is on Facebook that the government cares to read? How many beers you drank last Friday? Who every 15-year old is dating this week? That you're studying liberal arts at a community college? Yeah, real sensitive info. /tinfoilhat

FB only puts out what YOU put in it! Also FB can be used as a tool for raising money for charity or good causes and other social events but some people choose to focus on one negative aspect.

you nailed it there, buddy. I was about to post something similar. Problem is, too many people in Congress think like Romney, because themselves have some money to hide from the taxman. The President alone could never impose a big change like that.

Why should Zuckerberg pay any taxes to the US government?!?!? Facebook is a GLOBAL company not an American company, so it makes no sense to bitch and complain about not paying American taxes. Who in their right mind would want to pay taxes if they didn't have to? Think about someone other than yourself.

Why do people talk about "leaving" a website as if anybody cares? It's as interesting as reading some random internet troll's political comments.

forever alone

I'm sure Zuckerberg feels like that right now, what a clown eh.