CommanderFrank
Cat Can't Scratch It
- Joined
- May 9, 2000
- Messages
- 75,399
There will not be too many tears shed for Mark Zuckerberg when he pays his share of the US tax bill of $1.5 Billion bucks to Uncle Sam, No sir, not one crocodile tear among the bunch of us. He’ll just have to scrimp and save to pay his bill just like everyone else. Next year Mark, itemize your deductions.
As a result of the convoluted morass that is the US tax code, the profits that Zuckerberg will realize from excercising his options will be taxed as regular income, and not as capital gains