TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Friday, May 18, 2012

The Facebook IPO: Taxing Mark Zuckerberg's Stock

FacebookIn honor of today's Facebook IPO:

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"Most of the Forbes 400 accumulated their wealth in the form of lightly taxed founders' stock or through founders' stock inherited with a stepped-up tax basis."

"The tax benefit goes mainly to entrepreneurs who would have started businesses anyway."

Actually, the tax benefit reminds entrepreneurs that they won't be "punished" for building a successful business.

Posted by: Donna | May 18, 2012 12:09:14 PM