Continued from page 1

Taxes from Google executives began flowing into state coffers in 2006, two years after the company went public. After cashing in more than 9 million shares valued at $3.7 billion that year, 16 Google insiders owed the state as much as $380 million in taxes. At the time, that was enough to cover the salaries of more than 3,000 state workers.

Facebook’s offering could be four times as large as Google’s IPO. Google’s market capitalization after its first day of public trading in 2004 was $27 billion. There has been widespread speculation that Facebook’s IPO might value the company at more than $100 billion.