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Did CA make a major error when assuming they'd gain $1.9 B in taxes from Facebook shares? - Printable Version

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- Keith - 10-15-2012 09:42 PM

FB has never been above $38.23. Its now falling steadily through $19.15.

http://www.google.com/finance?q=NASDAQ%3AFB&ei=JEQ8UKiKFIOqiAKTowE


- hurtsx2 - 10-15-2012 09:42 PM

Intetesting. I guess "tax the rich!" isn't working out very well for them.


- Matthew D Rises - 10-15-2012 09:42 PM

ouch


- curvedpleasure165 - 10-15-2012 09:42 PM

oh my. You mean a government counted money that wasn't in the bank? sort of like those advance paycheck companies?

roflmao!!!!!!!!!!

This is what happens when a government taxes too much and becomes dependent on those taxes. That is so funny and yes, it was a major error.

I mean those California politicians have to be smarter than me right? For months I said, "I wouldn't touch FB with a ten foot pole. They have no assets, they make nothing."


- a2x4dc - 10-15-2012 09:42 PM

Well foolish Californians voted back in Governor MoonBeam! They are chasing their tax base out as quick as they can. One can look at the taxes MoonBeam wants 2 ways he says it is only 3% more he wants from the wealth or from the tax payer's viewpoint it is a 30% increase on California's taxes. 3/10=30% increase. Goodbye jobs.