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October 22, 2026
Meta's Stock Plan to Retain Mark Zuckerberg Amid Proposition 40 Vote
- Meta's new stock plan aims to offset potential losses for Mark Zuckerberg, who could face a $12.5 billion tax bill if Proposition 40 passes.
- The proposed wealth tax would apply retroactively to billionaires residing in California as of January 1, 2026, and has prompted some billionaires to leave the state.
- Recent polls show support for Proposition 40 remains close, with 45% of likely voters in favor and 42% opposed.
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4 Sources
- California's Proposition 40: What voters need to know about the billionaire wealth taxOct 22, 2026 at 12:19 PM · CNBC
- Mark Zuckerberg braces for proposed California billionaire taxOct 22, 2026 at 7:15 PM · AP
- Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of electionOct 22, 2026 at 8:37 PM · CNBC
- Are California voters about to impose 'world's first' tax on billionaires?Oct 23, 2026 at 11:11 PM · BBC