8 February 2012 - 8:37am| by | 0 comments

Facebook head to be taxed at lower rate than staff

Facebook head to be taxed at lower rate than staffFacebook head to be taxed at lower rate than staff

Facebook founder Mark Zuckerberg has stirred controversy across the pond after it emerged that the multi-billionaire is to be taxed at a lower rate than many of his own employees.

The disparity arises because Zuckerberg’s income is treated as capital gains, presently taxed at just 15%, whereas those who derive their income from salary typically pay around 35% tax.

Executive pay is currently a bone of consternation in the home of capitalism (as it is here) with increasing numbers of people conscious that there appears to be one rule for the top 1% of earners and another for the rest.

Facebook presently has around 3,200 employees who mostly pay the higher tax rate as they hold restricted stock units rather than regular stock options.

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