Bill Gates Spells Out Democrats’ Tax Plans as a Capital Gains Hike
- Gates says raising capital gains rate best way to tax the rich
- Warren, Sanders plans indirectly target source of wealth
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Bill Gates, Elizabeth Warren and Bernie Sanders all want the rich to pay more taxes, but Gates is saying what the Democratic candidates appear to be thinking: Go for the capital gains rate.
Gates, the billionaire co-founder of Microsoft Corp. and the world’s second-richest man, has suggested that an increase in the capital gains tax rate is the simplest and most direct way to target America’s wealth.