General Category > Economy/Business

Zuckerberg’s Wealth Soars $3.8 Billion as Facebook Surges

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flowers:
http://www.bloomberg.com/news/2013-07-25/zuckerberg-s-wealth-soars-3-8-billion-as-facebook-surges.html


--- Quote ---Mark Zuckerberg’s fortune soared $3.8 billion yesterday as shares of Facebook Inc. (FB), the world’s most-popular social-networking service, rallied 30 percent to the highest level since May 2012.

Surging demand for mobile advertising helped profit and revenue top analysts’ estimates in the second quarter Wednesday. The earnings may quell concerns, voiced by analysts and investors since Facebook’s initial public offering last year, that the rising popularity of smartphones and tablets is outpacing its ability to make money selling promotions to mobile users.
--- End quote ---


 :th_10444:

I wonder how much income tax he will have to pay on that? 

 :th_10444:

DCPatriot:
What a country!   :beer:

Oceander:

--- Quote from: flowers on July 26, 2013, 04:58:30 pm ---http://www.bloomberg.com/news/2013-07-25/zuckerberg-s-wealth-soars-3-8-billion-as-facebook-surges.html


 :th_10444:

I wonder how much income tax he will have to pay on that? 

 :th_10444:

--- End quote ---

None until and unless he sells (or otherwise disposes of) the shares in a taxable transaction, and doesn't have any offsetting capital losses.

truth_seeker:

--- Quote from: Oceander on July 29, 2013, 11:41:44 pm ---None until and unless he sells (or otherwise disposes of) the shares in a taxable transaction, and doesn't have any offsetting capital losses.

--- End quote ---
He could borrow against the stock and pay no tax, I think.

Oceander:

--- Quote from: truth_seeker on July 29, 2013, 11:49:16 pm ---He could borrow against the stock and pay no tax, I think.

--- End quote ---

He could; 'course, borrowing against the value of the stock isn't a taxable sale or other disposition, so it still falls within my "until and unless" scenario.

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