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'This Is Huge,' Economist Says as Filing Shows Zuckerberg Getting Ready to Pay California Billionaire Tax

Federal filings released Wednesday reveal how Meta CEO Mark Zuckerberg, one of the richest men in the world, is getting ready to potentially pay a billionaire wealth tax that is on California's November midterm ballot—an indication of the grassroots campaign's impact. "This is huge," economist Gabriel Zucman, an outspoken supporter of the proposed tax,…

Sources (1)· Oct 22, 2:22 PM

california billionaire tax vote Economy

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Common Dreams· Oct 22, 2:22 PM'This Is Huge,' Economist Says as Filing Shows Zuckerberg Getting Ready to Pay California Billionaire Tax

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california billionaire tax vote →

Before

Mark Ruffalo calls Gavin Newsom's billionaire tax stance 'disqualifying' ahead of California voteMark Ruffalo slammed Gavin Newsom for opposing California's billionaire wealth tax, calling it "disqualifying" for anyone with ambitions for higher office.

NewsBreak6d agoWhole story →

Government Gavin Newsom california billionaire tax vote

Newsom backs measure to make future wealth taxes more difficultGov. Gavin Newsom just got behind Proposition 42, which, if passed, would act as a kill switch for the billionaire wealth tax.

SFGATE10d agoWhole story →

Government Gavin Newsom california billionaire tax vote

Founder Sergey Brin Drops $102 Million to Stop Democrats’ Insane ‘Billionaire Tax’ in California — Could Face $13 Billion Bill Under Radical Socialist Plan * The Gateway Pundit * by Jim HᴏftGoogle co-founder Sergey Brin has now poured $102 million into the fight against California’s proposed billionaire tax, a one-time 5% hit that could cost him r…

The Gateway Pundit17d agoWhole story →

Government california billionaire tax vote

California voters to decide on controversial one-time tax on billionairesCalifornia voters will decide whether the state will charge a one-time tax on billionaires. The idea that has split Democrats and labor unions.

NPR20d agoWhole story →

Government california billionaire tax vote

Since

Mark Zuckerberg Makes Deal With Meta To Help Him Pay Proposed California Billionaire TaxThe deal allows Zuckerberg to pay a potentially huge billionaire tax that is on the ballot in California without losing his ownership stake in the company he founded.

HuffPost14h agoWhole story →

Economy california billionaire tax vote

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Mark Zuckerberg Makes Deal With Meta To Help Him Pay Proposed California Billionaire TaxThe deal allows Zuckerberg to pay a potentially huge billionaire tax that is on the ballot in California without losing his ownership stake in the company he founded.

HuffPost14h agoWhole story →

Economy california billionaire tax vote

Zuckerberg makes deal to pay proposed tax billSACRAMENTO, Calif. -- Mark Zuckerberg made a deal with Meta's board to help him pay a proposed California tax on billionaires without losing his ownership stake in the company he founded, according to regulatory filings published this week.

Arkansas Online4h agoWhole story →

Health california billionaire tax proposal

Mark Zuckerberg Cuts Deal With Meta Board To Keep Him From Fleeing CaliforniaZuckerberg considered fleeing California if billionaire tax passes

Daily Caller19h agoWhole story →

Economy billionaire tax proposal

Zuckerberg weighed leaving California over the wealth tax. Meta answered with a new class of stockMeta could have raised about $700 billion in equity capital before Zuckerberg lost majority control, a filing shows. The new share class will raise money without diluting him—and allow him to foot a potential bill in California.

Fortune1d agoWhole story →

Economy california wealth tax proposal

Meta Cuts Deal to Keep Zuckerberg in California Amid Tax ThreatMeta Platforms Inc. is taking no chances that Mark Zuckerberg ends up living far away from the company he co-founded.

Bloomberg2d agoWhole story →

Economy wealth tax proposal

Mark Zuckerberg Plots Deal to Pay Wealth Tax, Keep Meta ControlMark Zuckerberg had a dinner-table ultimatum with his board, which came after months of wrangling over the company's financing needs and a proposed California wealth tax. Meta will offer a new class of non-voting shares to existing investors, and Zuckerberg will have a special agreement that will give him the ability to sell some of that stock without…

Bloomberg14h agoWhole story →

Economy california wealth tax proposal

Top Economist Says Elon Musk Needs to 'Pay More Taxes,' Not Just Donate SpaceX SharesA world-renowned economist said Monday that Elon Musk's pledge to donate a share of his company, SpaceX, to every American child is not nearly enough to redress the exploding wealth inequality that he personifies . Gabriel Zucman, a professor at the University of California, Berkeley and a leading inequality expert, wrote in a series of social media…

Common Dreams3d agoWhole story →

Economy wealth inequality debate

Zuckerberg owns 13% of Meta but controls 61% of it. California’s wealth tax will bill him on the 13%Paying a potential $12 billion bill would have meant selling the shares that give him control. A new class of stock solves that.

Fortune4h agoWhole story →

Economy california wealth tax impact