Rendered at 13:08:30 GMT+0000 (Coordinated Universal Time) with Cloudflare Workers.
GlibMonkeyDeath 25 minutes ago [-]
"Meta strikes deal with Zuckerberg to help him foot billionaire tax bill" is actual title. Zuckerberg is staying, and like all the billionaires he doesn't have that wealth sitting around in a big stack of $100 bills.
csense 44 minutes ago [-]
> Californians will vote early next month on Proposition 40, a one-off 5% tax on the roughly 250 billionaires who live in the state.
If you have $1 billion and you're going to get taxed $50 million in California, why not spend $1 million to buy a house in some other state and move there on paper before the tax goes into effect?
tyleo 40 minutes ago [-]
I listened to an Ezra Klein podcast episode where he talked about this.
I’m paraphrasing heavily but it went something like, “a friend complained that he had to live in Florida 50% of the year to avoid paying New York taxes and he hates Florida. I thought that the point of having all of that money was living the lifestyle you wanted. It seemed like the tax avoidance had become more important than personal happiness.”
expedition32 13 seconds ago [-]
I never understood the hate for taxes. As if people like Zuckerberg could thrive in a warzone.
breakyerself 26 minutes ago [-]
Because it's selfish and entitled?
4 minutes ago [-]
breakyerself 29 minutes ago [-]
This is some of the most embarrassing shit ever. Man with more money than God is too selfish to pay some taxes. Needs giant corporation to give him even more money to keep him from throwing a fit and moving away from where his job is that made him unimaginably rich. The entitlement of these billionaires is boundless. Take all their fucking money. They don't deserve it.
RaffaelKuhn 2 hours ago [-]
California is the big loser here (as expected).
pluc 2 hours ago [-]
> Under the deal, Zuckerberg will receive new shares that could be sold to potentially foot a multibillion-dollar tax bill in the event that California passes a one-off billionaire tax.
Sounds like California gets what it wants either way? It's Meta that's getting used as Zuck's wallet.
sergdigon 1 hours ago [-]
> This will allow Zuckerberg to sell some of this new class C shares to pay a potential tax bill, without diluting his control of the company.
Yes while the article is a bit click-bait, "protect him from California wealth tax" sounds like he found some loop hole for not paying, it clearly says that it is about keeping control in the company and not avoiding to pay ...
> California is the big loser here (as expected).
Sad to see such a superficial and full of confirmation bias comment on HN. I am not taking position, I am not American and I don't think HN is the place for that anyway ... But please read the article before commenting
janderson215 29 minutes ago [-]
I’m not British, but The Guardian loves putting a certain spin of vilification on just about everything Right-coded.
If you have $1 billion and you're going to get taxed $50 million in California, why not spend $1 million to buy a house in some other state and move there on paper before the tax goes into effect?
I’m paraphrasing heavily but it went something like, “a friend complained that he had to live in Florida 50% of the year to avoid paying New York taxes and he hates Florida. I thought that the point of having all of that money was living the lifestyle you wanted. It seemed like the tax avoidance had become more important than personal happiness.”
Sounds like California gets what it wants either way? It's Meta that's getting used as Zuck's wallet.
Yes while the article is a bit click-bait, "protect him from California wealth tax" sounds like he found some loop hole for not paying, it clearly says that it is about keeping control in the company and not avoiding to pay ...
> California is the big loser here (as expected).
Sad to see such a superficial and full of confirmation bias comment on HN. I am not taking position, I am not American and I don't think HN is the place for that anyway ... But please read the article before commenting