Op-Ed Contributor: The Zuckerberg Tax
International Herald Tribune Tuesday 7th February, 2012
WHEN Facebook goes public later this year, Mark Zuckerberg plans to exercise stock options worth $5 billion of the $28 billion that his ownership stake will be worth. The $5 billion he will receive upon exercising those options will be treated as salary, and Mr Zuckerberg will have a tax bill of more than $2 billion, quite possibly making him the largest taxpayer in history. He is expected to sell enough stock to pay his tax.
But how much income tax will Mr Zuckerberg pay on the rest of his stock that he won't immediately sell? He need not pay any.
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