United Airlines CEO calls for wealth taxUnited Airlines CEO Scott Kirby backed national wealth and inheritance taxes in an interview published Sunday, arguing they would help level the playing field for Americans. Kirby told The New York Times that wealth inequality “has become a danger to our society,” adding the federal government must “address” it. “We should have a national wealth...The Hill3d agoWhole story →Economywealth tax proposal
Cuban Blasts ‘Insane’ Khanna Proposal for Wealth Tax Loans (1)Mark Cuban lashed out at Silicon Valley Congressman Ro Khanna over the Democratic lawmaker’s proposal that the government should lend money to billionaires with large paper fortunes to help them pay wealth taxes.Bloomberg Tax News2mo agoWhole story →EconomyGovernmentRo Khannawealth tax proposal
Mark Zuckerberg Cuts Deal With Meta Board To Keep Him From Fleeing CaliforniaZuckerberg considered fleeing California if billionaire tax passesDaily Caller1d agoWhole story →EconomyTechnologybillionaire tax proposal
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.HuffPost1d agoWhole story →EconomyGovernmentcalifornia billionaire tax vote
Khanna Says Zuckerberg Deal Shows Ultra-Rich Will Pay Wealth TaxProgressive Democrat Ro Khanna lashed out at opponents of California’s proposed wealth tax after Meta Platforms Inc. revealed stunning details of how Chief Executive Officer Mark Zuckerberg negotiated a deal to fund his potential payment of the levy and stay in the state if the measure passes.Bloomberg5h agoWhole story →Economy
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.Fortune16h agoWhole story →Economycalifornia wealth tax impact
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.Fortune2d agoWhole story →EconomyTechnologycalifornia wealth tax proposal
Meta classified Zuckerberg as a researcher to claim $355 million tax break on $4.1 billion pay, NYT reportsMeta turned billions of dollars in Mark Zuckerberg’s stock compensation into a research tax break, arguing that its CEO’s work building Facebook qualified him for a federal government incentive for technological research. The company claimed roughly $355 million in tax savings tied to $4.1 billion in stock options Zuckerberg exercised, according to a New…TechStartups.com23d agoWhole story →SecurityEconomymeta tax dispute
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 Online16h agoWhole story →EconomyHealthcalifornia billionaire 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…Bloomberg1d agoWhole story →Economycalifornia wealth tax proposal
