Bill Gates says taxing capital gains is the best way to tap 'big fortunes' [MSN Money]
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Source: MSN Money
Bill Gates Says Taxing Capital Gains Is the Best Way to Tap ‘Big Fortunes’ © Bloomberg “We only collect about 0 perct of GDP and we spd like perct of GDP. So you can’t let that deficit grow faster than the economy,” the world’s second-richt man said during an interview on CNN’s “Fareed Zakaria GPS” broadcast on Sunday. The U.S. national debt climbed past $ trillion Load Error Proposals have circulated rectly for the richt Americans to again face a top marginal tax rate of 70 perct, as they did during much of the 970s before it was lowered by Pridt Ronald Reagan, and for other wealth-focused measur to be tak to addrs rising income inequality in the U.S. Frhman Democratic Reprtative Alexandria Ocasio-Cortez of New York has suggted “tax rat as high as 60 or 70 perct” on “the tippy tops -- on your 0th million dollar.” But Gat said that approach didn’t work well in practice. Progrsive Tax “Ev wh that rate was high, the actual collection because of ways people could defer wasn’t -- never g
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