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Mark Zuckerberg Makes Deal With Meta To Help Him Pay Proposed California Billionaire Tax

The 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.

Sources (1)· Oct 22, 8:46 PM

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HuffPost· Oct 22, 8:46 PMMark Zuckerberg Makes Deal With Meta To Help Him Pay Proposed California Billionaire Tax

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

Common Dreams22h agoWhole story →

Economy california billionaire tax vote

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 →

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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 →

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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 →

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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 →

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Government california billionaire tax vote

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The California Billionaire Tax Just Scored Mark Zuckerberg a RaiseShould we send Mark Zuckerberg a t-shirt that says “I Got My Raise From the California Billionaire Tax”? I’m on record opposing this proposed wealth tax , not because I hesitate to exproporiate oligarchic fortunes, but rather because past attempts to create big wealth taxes in countries more progressive than ours haven’t been very successful. Before…

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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.

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