California to reap windfall from Mark Zuckerberg in Facebook IPO

California has a friend about to write a hefty personal check that could help ease the state budget crunch. Mark Zuckerberg, the 27-year-old founder and chief executive of Facebook whose initial public stock offering in two weeks could value the company at $96 billion, will cut in the state for an estimated $189 million in cash, according to calculations from PrivCo, which researches private companies. The federal government will be in the money too, collecting an estimated $714 million in federal income tax from Zuckerberg. And that’s just the payout from Zuckerberg. The windfall for California from the rest of the IPO could net California hundreds of millions more.