Taxes
Bill Gates Pushes for Higher Taxes on Rich as Wealth Soars
- Microsoft co-founder has seen fortune double in past decade
- Says U.S. lawmakers should lift estate and capital-gains taxes
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Microsoft Corp. co-founder Bill Gates started the last decade worth more than $50 billion and a pledge to donate a big chunk of his fortune to charity.
By the end of it, he’d given billions of dollars to fight poverty and improve health care and education. But his net worth also more than doubled during the period, a result of soaring stock markets and favorable tax policies.