4 California billionaires saw their wealth soar 322% over the past two years — but paid 0.04% a year in state income tax

California, like most states, taxes the wages people earn from their jobs. But in 2019, 2020 and 2023, Google co-founders Larry Page and Sergey Brin each owed California just 13.3 cents in income tax on what they got from Alphabet (NASDAQ:GOOGL), according to estimates from three economists. That's because Alphabet paid the 53-year-olds $1 each in those years.Neither reported selling Alphabet stock, and the company didn't pay dividends until 2024.