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Mark Zuckerberg could pay millions to the IRS on Meta dividends. He still might be getting ‘a major break’

Posted on AllSides February 3rd, 2024
From The Center

Mark Zuckerberg delighted Meta shareholders and Wall Street this week with news of the social media giant’s first-ever dividend.

The IRS may also be happy, now that it’s staring at millions in taxes on the Meta stock dividends bound for Zuckerberg’s portfolio.

Zuckerberg, the CEO of Meta Platforms Inc. META, +20.32%, is poised to make $700 million in dividends yearly. He owns nearly 350 million shares, according to FactSet, and the company will start paying a quarterly dividend of 50 cents a share.

That would yield nearly $167 million in federal taxes yearly, after a...

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