Facebook IPO Employee RSU Income Taxes

[wuapinmon]

http://money.cnn.com/2012/05/09/tech...dex.htm?iid=GM

Cash-starved California, which has a top personal income tax rate of 10.3%, will get a dramatic lift when Facebook employees come into their equity. A preliminary analysis by California's Legislative Analyst's Office estimated the state's Facebook-related personal income tax revenue for the upcoming fiscal year (which begins July 1) at $1.5 billion -- almost 3% of California's total personal income tax haul for the year.

The company is estimating $4 billion in employee personal income taxes.

[Indy Coug]

I can already hear the California legislature collectively pulling down their zippers right now.