BREITBART NEWS: Microsoft founder and billionaire Bill Gates on Wednesday criticized 2020 White House hopeful Sen. Elizabeth Warren’s (D-MA) wealth tax proposal, stating that it left him doing “a little math about what I have left over.”
“I’ve paid over $10 billion in taxes. I’ve paid more than anyone in taxes,” Gates, who has an estimated net worth of $107 billion, said at the New York Times DealBook conference. ”
If I had to pay $20 billion, it’s fine.
“But when you say I should pay $100 billion, then I’m starting to do a little math about what I have left over,” he added.
“Sorry, I’m just kidding,” he then quipped.
Warren has vowed, if elected president, to double the top rate of her wealth tax to 6% from 3%, which would tax individuals 3 cents on every dollar over $1 billion in net worth.
DealBook’s Andrew Sorkin asked Gates if he would be open to discussing alternate tax proposals with the Massachusetts Democrat, to which he replied: “I’m not sure how open-minded she is… or that she’d even be willing to sit down with somebody who has large amounts of money.”
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