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Facebook founder might owe $1 billion in taxes

Mark Zuckerberg could owe $1 billion in taxes

By Anthony Garreffa from Mar 30, 2013 @ 22:41 CDT

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.

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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 SOURCES:Vr-zone.com


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