May 12, 2001

Bill Gates supports Death Tax

Author: JT Smith

Info World reports on the fact that both Bill Gates, and his father, also Bill Gates, support the Death Tax, which is a US tax on the wealthy, where as much as 55% of their estate goes to the government when they die, in an effort to prevent the excessive accumulation of wealth in one family. Gates is estimated to be worth US$78,000,000,000 and the tax would cost his family over $40B when he dies.

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