Bill Gates' Tax Bill

Tom Condit tomcondit at igc.apc.org
Sun Jun 28 11:06:59 PDT 1998


It's worth bearing in mind that not only does Bill Gates have to pay only capital gains tax (lower than most taxes on earned income) on the amount of his holdings he divests every quarter, but if he has a good accounting firm (and I'll bet that he does), he can manage to take a few counterbalancing capital losses every other quarter or so, and reduce his taxes still further. RHIP.



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