TweakTown
Tech content trusted by users in North America and around the world
5,667 Reviews & Articles | 36,025 News Posts

Facebook founder might owe $1 billion in taxes

Mark Zuckerberg could owe $1 billion in taxes

| Business, Financial & Legal News | Posted: Mar 31, 2013 3:41 am

Around this time last year Facebook founder Mark Zuckerberg made a very hefty $13 billion when the social network went public, and now Zuckerberg could be looking at a tax bill of around $1 billion.

 

TweakTown image news/2/9/29427_01_facebook_founder_might_owe_1_billion_in_taxes.jpg

 

The founder of Facebook was prepared for the taxes, which could've been why he sold $1 billion of shares on the day - trying to keep his handful of money a little lighter for the tax man. Zuckerberg has also been nice to charity, where he has given around $500,000,000 (that's $500 million!) to the SIlicon Valley Community Foundation, which should offset his tax bill by a decent margin.

NEWS SOURCE
Vr-zone.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below