Facebook Zuckerberg taxable $ 1.1 billion last year

The Facebook listing allowed to Zuckerberg, founder and chief executive officer, has $ 13 billion of paper wealth (calculated based on the current share price), and approximately $ 1.1 billion tax bill.

Zuckerberg's tax bill from last May, enhanced Facebook shares decision. Facebook IPO, Zuckerberg executed stock options to purchase 6,000 shares of Facebook stock price of 6 cents per share.

Zuckerberg not sell these shares in the future, the IRS will consider these stocks as normal income, the reason these options is a start of the remuneration, like wages.

Zuckerberg reported income in 2012, which means that stock options alone this one reached $ 2.3 billion. 2012 apply to his federal personal income tax rate of 35%, and California income tax rate of 13.3%, the two together, Zuckerberg's total tax rate of 48.3%.

Said, "such a high amount usually is capital gains, rather than income." The United States last year 15% capital gains tax, capital gains tax this year has been increased to 23.8% (including tax services firm Moss Adams LLP in the Silicon Valley office partner Toby Johnston Medicare surtax).

To pay such a huge amount of the tax bill, Zuckerberg was during the Facebook IPO sold 3020 million shares, obtained $ 1.135 billion. Facebook said in documents submitted to the regulatory authorities, most of Zuckerberg will sell shares of the proceeds used to pay tax.

Sa Weilin (Eduardo Saverin), another co-founder of Facebook has renounced U.S. citizenship, joined the Singapore citizenship last year. Singapore's highest personal income tax rate of only 20%.

For Sa Weilin, renouncing U.S. citizenship means that you can reduce the huge tax burden. Sa Weilin Facebook announced plans to make this decision for the first few months of the initial public offering (IPO). As investors, the now 31-year-old Sa Weilin by Forbes magazine as one of the world's 20 youngest billionaires. Singapore does not impose a capital gains tax in addition to lower corporate and personal income tax, while not bank interest and dividend taxation.