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Started By
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California wealth tax claims another billionaire. Zuckerberg has moved to Florida
Posted on 2/11/26 at 3:02 pm
Posted on 2/11/26 at 3:02 pm
Loading Twitter/X Embed...
If tweet fails to load, click here. Zuckerberg's net worth is estimated around $240 billion (recent figures vary slightly but hover in that range).
If the 5% wealth tax had applied and he remained a California resident, it could have cost him roughly $11–12 billion (5% of ~$220–240 billion, after any $1 billion exemption threshold).
Chamath Palihapitiya have claimed broader billionaire exits (including Zuckerberg) are causing California's taxable billionaire wealth to drop sharply (e.g., from over $2 trillion to under $1 trillion in recent weeks), implying billions in lost future revenue overall
This post was edited on 2/11/26 at 3:03 pm
17
Posted on 2/11/26 at 3:03 pm to MrLSU
;lol:
Posted on 2/11/26 at 3:05 pm to MrLSU
Ultimate FAFO for that commie state
Posted on 2/11/26 at 3:06 pm to MrLSU
Good job Zuck.
Posted on 2/11/26 at 3:08 pm to MrLSU
Democrats are like locusts, destroying one productive place then swarming to the next.
Posted on 2/11/26 at 3:13 pm to LuckyTiger
This is going to end up in litigation over massive bullshite "exit taxes".
Posted on 2/11/26 at 3:20 pm to MrLSU
And then he will vote and financially support the same kind of politicians in Florida
Posted on 2/11/26 at 3:34 pm to MrLSU
If the bill passes it applies retroactively. So if he was still there at the beginning of the year he will still take the hit. But you know they will go back to this well if it passes so it's the right move.
quote:
If voters approve the measure, anyone who was a California resident on Jan. 1, 2026, would owe the tax, according to the proposal’s language.
This post was edited on 2/11/26 at 3:42 pm
Posted on 2/11/26 at 3:37 pm to MrLSU
I'm pretty sure Zuckerberg lives in Kauai, where he is building a massive bunker.
Posted on 2/11/26 at 3:37 pm to MrLSU
Instead of not paying taxes in Cali he will not pay taxes in Florida. Cool.
Posted on 2/11/26 at 3:40 pm to MrLSU
Nope. He supports all of this and then some. He should be the FIRST ONE lining up to pay.
Posted on 2/11/26 at 3:42 pm to BigEasy92
quote:
nstead of not paying taxes in Cali he will not pay taxes in Florida. Cool.
You think Zuckerberg doesn’t pay federal taxes? Ooof.
Posted on 2/11/26 at 3:54 pm to BBONDS25
Most people forget that he screwed his 2 college roommates with whom he had been working on the initial FaceBook model. He filed a patent in his own name behind their backs and / permission. They sued & won, but were only awarded $300K each. He got to keep full ownership of FaceBook. Now a multi billionaire.
Posted on 2/11/26 at 3:55 pm to BBONDS25
With all the loopholes today if he paid any it would be a minimal %. About 3.5%
What percentage you pay?
What percentage you pay?
Posted on 2/11/26 at 3:57 pm to BigEasy92
quote:
Instead of not paying taxes in Cali he will not pay taxes in Florida. Cool.
Which of those states ran at a large deficit last fiscal year?
Posted on 2/11/26 at 3:59 pm to MrLSU
With all the wealthy running out of state, the smaller folks then become the upper class. And they need to remember they voted for every last bit of this.
Posted on 2/11/26 at 4:00 pm to MrLSU
You hate to see it
Posted on 2/11/26 at 4:00 pm to MrLSU
another liberal shite head to vote liberal
Posted on 2/11/26 at 4:05 pm to Henry Jones Jr
quote:
And then he will vote and financially support the same kind of politicians in Florida
True. People like Biden and Trump. All Zuck is doing is bribing whomever is in power.
Posted on 2/11/26 at 4:05 pm to stlslick
They will try and pass a bill sometime this year.......and make it retroactive????
As someone posted before, hell why not make it effective 20 years past and collect taxes on everyone who lived there decades ago and then became rich?
As someone posted before, hell why not make it effective 20 years past and collect taxes on everyone who lived there decades ago and then became rich?
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