Navdeep Shergill (A Geek at heart)

Google made millions for California

We all love Google. They are a great company that comes out with some pretty innovative products. Well; I think the state of California (specifically the Treasury department) might love Google a little more than us. California took in $11.3 billion dollars this year in personal income taxes. That is $4.3billion more than it collected last year. So where did all that extra money come from? Did Californians really get that big of an increase in income?

Well, most of that money came from Google employees selling their stock. We all know how Google’s stock has skyrocketed right. Well; according to SEC filings, top 14 of Google’s shareholders sold about $4 billion worth of stock. Assuming that they are in the top tax bracket; that $450million dollars of capital tax gain. WHOA!! Thats just the top 14 stockholders. I am sure lot more Google employees sold their stock options.

Link to story

Lets see how much Google makes me from Adsense.

Add comment May 17th, 2006

Finally got new Yahoo mail interface!

As I griped earlier; I was unable to try out the new Yahoo mail beta. The reason was that I had dsl from them and the beta was not being rolled out to the dsl subscribers yet. Well; today the wait was over. I logged into my email and there it was. It is called ‘AT&T Yahoo! Mail Beta’. It looks way better, more colorful than anything Google or Microsoft have. It even supports RSS Feeds

2 comments May 17th, 2006