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Meta strikes deal to help Zuckerberg pay potential California wealth tax

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Summary

Meta's board agreed to a deal with CEO Mark Zuckerberg to help fund payment of a proposed California billionaire wealth tax if voters approve it. Zuckerberg had raised concerns that selling shares to pay the tax could weaken his voting control and lead him to leave the state. Rep. Ro Khanna said the deal shows wealthy taxpayers would actually pay such a tax, criticizing opponents of the measure.

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