Tag Archives: taxation

sequestration explained


marky z gives it up for the tax man

my dear friend marky z is a small businessman.  he started his little financial empire out of his college dorm room, programming and brainstorming and dealing with the insufferable but undeniably handsome winklevoss twins cameron and tyler.*

yo, marky z, you've brought together a lot of people with  facebook!  and you've taken your company public so that we all can invest!  uh, well, stock prices have dropped since the ipo at just under forty washingtons to yesterday's $25 per share.  talk about affordability!

yo, marky z, you’ve brought together a lot of people with facebook! and you’ve taken your company public so that we all can invest! uh, well, stock prices have dropped since the ipo at just under forty washingtons to yesterday’s $25 per share. talk about affordability!

marky z is going to be reporting roughly $2.3  billion of income from his stock options alone–you have to add in his wife priscilla’s income as a physician and–who knows?–maybe marky moonlights as a bartender.  he does get a deduction for $500,000,000 that he gave to the silicon valley community foundation (and yes, i have the correct number of zeros).  the top federal tax rate is 48% and the california state government takes out an extra 13.3%.  he hasn’t filed his taxes yet this year, but analysts predict he’s going to owe more than $1,000,000,000 with a top tax rate of 48.3%.  

 

really, should we tell marky z about the 1% arlynn presser surcharge on taxes?

and *tell the winklevoss twins that i’m happy to have dinner with them.  just not at the same time.  that would be too weird.