Zuckerberg to Make $5 Billion from Facebook IPO, Pay $2 Billion in Taxes – Tech Thursday
Earlier this month, it was announced that Facebook would be offering stock, and that the initial amount raised would be somewhere in the $10 billion dollar mark or maybe even more. Now it has been reported that Mark Zuckerberg, will be exercising some of his shares and making a cool $5 Billion dollars, with a bill to the IRS for $2 billion. But he doesn't have to pay tax for the rest of the stock he owns, because he's not selling it.
