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California Reaps Google Windfall

Posted by ryuzaki0 on from the good-news-for-the-state-coffers dept.

theodp writes "The SF Chronicle reports that California took in a record $11.3B in personal income tax receipts in April, $4.3B more than it collected last April, attributing a significant chunk of the surprise windfall to Google employees. Fourteen of Google's top execs and directors sold $4.4B worth of stock last year, including founders Sergey Brin and Larry Page, each of whom unloaded about $1.3B."

5 of 61 comments (clear)

  1. Yay Google! by Anonymous Coward · · Score: 5, Funny

    In other news Washington state was heard to mutter -- "Damn, if only we had state income tax!"

  2. Re:A rising tide lifts all boats by bazmail · · Score: 2, Funny

    Thats communist talk. They should invest it in rejuvenating Hollywood and in giving tax breaks to the rich in the next fiscal year.

  3. Re:Changing politics? by muhgcee · · Score: 3, Funny

    If only they'd introduce legislation backed by folks like the folks.

  4. Re:Great now the state can pay it's debts by amliebsch · · Score: 3, Funny

    We also stiffed the British on the bill for that tea!

    --
    If you don't know where you are going, you will wind up somewhere else.
  5. Re:Great now the state can pay it's debts by lga · · Score: 2, Funny

    We also stiffed the British on the bill for that tea!

    That's alright, we never paid you back our world war 1 debts.

    --
    A latent existence