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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 Baldrson · · Score: 0, Troll

    Why not just build hospitals in Mexico and save all thse people the trouble of crossing the border illegally to go to the emergency rooms for free?

    --
    Seastead this.
  2. Re:A rising tide lifts all boats by J.R.+Random · · Score: 0, Troll

    Southern California hospitals are closing because of the huge flood of illegal aliens who use the hospitals for emergency health care (which the hospitals are required to provide)and never pay the bills. Rather than use a one-time windfall of Google stock profits to pay for this, it would make much more sense to have a special tax on the businesses that hire that "cheap" labor.