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May10
Ahhh Google... It's tough at the top!

The Google wealth engine is chugging along nicely, thank you. California collected a record $11.3 billion in personal income tax receipts in April -- $4.3 billion more than it collected last April -- thanks in large part to insider stock sales at Google, A handful of company insiders sold $4.4 billion worth of Google shares last year. Assuming those insiders were in the top 10.3 percent state-tax bracket (duh) and that the shares they unloaded were acquired at a very low strike price (like 30 cents a share!!!) they collectively owed the state close to $450 million in capital gains tax on their stock sales. Which means they could pay that $90 million fine for click-through fraud with about 30 minutes income!googleair.jpg

I have to get a new one. The ashtrays are full on this one!

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I can't believe they are making that much money!

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