California Reaps Google Windfall

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."

Comments

Re:A rising tide lifts all boats

[Baldrson]

A big part of the reason they can live better here than they can back home is the fact that their employers externalize the social service costs of their immigrant employees. If there were a market for visas rather than a commie waiting list you'd find out just how much the government is subsidizing immigration.