Mark Zuckerberg is a Rich Guy who will pay $1 Billion in Taxes

Posted by PITHOCRATES - March 31st, 2013

Week in Review

It’s open season on rich people.  The favorite target of the Left.  And governments everywhere that are spending far more money than they have.  To buy votes.  So to make up that shortfall they continuously attack the rich.  For how can the rich complain with all that money?  So they attack them.  To get them to pay their ‘fair’ share of taxes.  Despite the huge tax bills they pay (see Report: Zuckerberg facing $1billion tax bill by Brett Molina posted 3/29/2013 on USA Today).

So how much will Facebook CEO Mark Zuckerberg have to pay in taxes for taking his social network public..?

Citing three certified public accountants based in California, CNN says Zuckerberg’s final tally, after deducting charitable donations, sits at $1 billion.

The median U.S. income is $52,762.  Based on the 2012 tax rates a single person earning the median income will pay approximately $17,442 in federal income taxes.  Which means one rich person, Mark Zuckerberg, will pay the same amount of taxes 57,333 Americans will pay.  And if a rich guy is paying what 57,333 Americans are paying it’s pretty hard to say they aren’t paying their fair share.

Zuckerberg paid these taxes while the economy was limping along in one of the worst recoveries in history.  So it would seem we should be encouraging people to get filthy rich.  For they will be able to pay huge sums in income taxes.  No matter how low the tax rate is they pay.  Even in one of the worst economic recoveries in history.

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