smitty777 writes: Due to Facebook founder Mark Zukerberg's move to exercise stock options, he may be facing a tax bill as high as 2 billion dollars. He currently owns some 400 million shares, but has the option to buy 120 million shares more at the rock bottom price of
.06 cents each. FTA: "The type of options Zuckerberg holds are taxable as ordinary income when they're exercised, even if the shareholder hangs onto the shares and doesn't sell them. That means Zuckerberg will owe taxes on the difference between what he pays for his Facebook shares — 6 cents — and their market value the day he exercises the options."
DEAL: For $25 - Add A Second Phone Number To Your Smartphone for life! Use promo code SLASHDOT25. Also, Slashdot's Facebook page has a chat bot now. Message it for stories and more. Check out the new SourceForge HTML5 Internet speed test! ×