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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."

2 of 61 comments (clear)

  1. Re:A rising tide lifts all boats by Jah-Wren+Ryel · · Score: 2, Informative

    So, why do the illegals go to the emergency rooms rather than the much cheaper and more efficient walk-in clinics? Is it because the clinics are not required to treat them if they can't pay? That would be both counter-productive and mean-spirited.

    --
    When information is power, privacy is freedom.
  2. Re:Changing politics? by Jeff+DeMaagd · · Score: 2, Informative

    Of course, a few billion dollars is chump change to the entertainment industry. There's a long way to go.

    That depends. You can break it down a bit. IIRC, the music industry makes about 1-2 B$ a year in the US. It was speculated that Google, Microsoft and Yahoo, when combined, have enough cash on hand to just buy the music industry.