[zeestephen]

Thanks for posting.

That's important information.

Question To Anyone:

Does California tax capital gains?

I was wondering how much a committed Leftist like Mark Zuckerberg will have to pay above the 23.8% federal rate when he sells Facebook stock.

[Sequoyah101]

Probably one good reason he did the ipo. Convert income to lt cap gain.

[zeestephen]

Yikes!

I just looked up the California rate.

They tax cap gains like income.

Top rate in California is 13.3% for those earning above $1 million.

So, Zuckerberg will pay 37.1% on his Facebook stock.

Only one place in the world has a higher cap gains tax.

Denmark.