New Twitter IPO Created 1600 Employees Millionaires

New Twitter IPO Created 1600 Employees Millionaires. On 8 Nov. IPO will prove to be a massive payday for the US Federal and State tax authorities. With an 8% tax rate in California and a 32% tax rate at the Federal level, Twitter's newly-minted millionaires FACE A TAX BILL OF $2.2 BILLION.

1. Total Twitter millionaires created: 1,600

2. Total Twitter IPO California State Tax Windfall : $479 Million

3. Total Twitter IPO IRS Tax Windfall: $1.72 Billion

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