Mark Zuckerberg is, among many other things, the highest-profile taxpayer on the planet today.
After today's Facebook IPO, Zuckerberg will owe nearly $200 million in California state taxes alone. That's "among the largest tax liabilities that a single individual has ever paid at a given point in time," says Jason Sisney of the California State Budget Legislative Analyst's Office.
Zuckerberg's profits will be taxed at a 10% rate in California. That's a much higher rate than in many other states.
May is the month we see strawberries explode in the market. There are strawberry festivals in every corner of the nation celebrating the juicy ruby beauties, and Strawberry Queens crowned galore. Those traditional harvest time festivals make us think our strawberries are mostly grown on the farm just down the road.
A 43-year-old woman in San Clemente, Calif., suffered second- and third-degree burns on her right leg and right arm Saturday after rocks in a pocket set her shorts on fire, The Orange County Register says.
Orange County Fire Authority officials tell the newspaper that the woman collected the rocks on a nearby beach, returned home and "was standing in her kitchen ... when the pocket of her cargo shorts caught fire."
California is facing a budget shortfall of $15.7 billion. Today, Gov. Jerry Brown released a budget that closes that budget with a combination of tax hikes and deep cuts to health and welfare spending.
You may think of surfers as slackers. But in Santa Cruz, Calif., they're city council members and business owners. And they're also conservationists — who just got their piece of the central California coast named a World Surfing Reserve.
Long before surf music topped the charts and long before surfers had crazy nicknames, surfers have been riding the waves in Santa Cruz.