The Briefing Room
General Category => Economy/Business => Topic started by: flowers on July 26, 2013, 04:58:30 pm
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http://www.bloomberg.com/news/2013-07-25/zuckerberg-s-wealth-soars-3-8-billion-as-facebook-surges.html
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.
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I wonder how much income tax he will have to pay on that?
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What a country! :beer:
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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?
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None until and unless he sells (or otherwise disposes of) the shares in a taxable transaction, and doesn't have any offsetting capital losses.
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None until and unless he sells (or otherwise disposes of) the shares in a taxable transaction, and doesn't have any offsetting capital losses.
He could borrow against the stock and pay no tax, I think.
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He could borrow against the stock and pay no tax, I think.
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.