Unverified50% confidenceFactExact time
Zuckerberg is considering paying California's proposed billionaire tax through a newly created share class while ensuring he does not lose control of Meta.
1
Sources
50%
Confidence
Short-term (~14 days)
Relevance
10/23/2026
First Seen
Valid until: 11/6/2026
Sources
Related Entities
Related Claims
UnverifiedCalifornia is considering a proposed "billionaire tax" that would tax the net worth of ultra-high-net-worth individuals.77% similarUnverifiedThe new share class designed by Meta is being used by some engineers to help pay the billionaire tax.61% similarUnverifiedIn 2024, California had proposal AB 2593, which would levy an annual tax on individuals with a net worth exceeding $50 million.61% similarVerifiedA wealth tax levies a proportional charge on the net value of accumulated assets (including equity, real estate, bonds, etc.), whereas income tax is levied on annual income.59% similarUnverifiedCalifornia Proposition 13 stipulates that the property tax rate is capped at 1% of the assessed value, and any tax increase requires a two-thirds majority approval from voters.59% similar
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