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That being said, "I would set tax rates quite a bit higher for rich people," Gates continued. Indeed, he said he would support a tax which axed 62% of his wealth—the equivalent of $101 billion.
Microsoft co-founder Bill Gates recently expressed his readiness to relinquish 62% of his wealth under a proposed tax system aimed at the affluent. What Happened: Gates, who has a net worth of ...
Gates told Swisher that, had his idea for a tax system been in place throughout his life, he estimates his worth would be about 38% of what it was. At the time of the interview, his net worth was ...
Gates has previously said that his children would only inherit a tiny fraction of his fortune — $10 million each — barely a dent in his net worth of about $158 billion.
In 1987, Gates was listed as a billionaire in Forbes magazine's first ever America's richest issue; he was the world's youngest-ever self-made billionaire, with a net worth of $1.25 billion. Since then, he has been featured on The World's Billionaires list and was ranked as the richest person in 1995, 1996, 1998–2007, and 2009, maintaining ...
For example, Elon Musk likely met his 2023 Social Security tax obligation just a few seconds after showing up to work on Jan. 3, 2023 — the first official workday following the New Year’s holiday.
The US's roughly 650 billionaires would have paid about $114 billion for 2020 under Warren's proposed "ultra-millionaire" tax, research suggests.
‘Don’t worry too much about Bill Gates’ The Warren wealth tax plan would impose an annual tax of 2% on every dollar a household has above $50 million, which increases to 6% for households ...