Technology innovator and billionaire Bill Gates has paid more taxes than anyone in the history of the world, and he says he is happy to pay even more. The co-founder of Microsoft is currently worth an estimated US $91.8 billion and has paid a total of over US $10 billion in taxes to the US government. Speaking to CNN’s Fareed Zakaria, the Microsoft billionaire revealed the staggering amount he pays in taxes.
“I have paid more taxes, over US $10 billion, than anyone else, but the government should require people in my position to pay significantly higher taxes,” he said.
Bill Gates spoke about the need for the US government to increase the estate tax, which favours the super rich as the wealth they leave behind is taxed at a very low percentage at the current tax rate.
The billionaire and philanthropist has called upon other rich Americans and people around the world to join his giving pledge in which they will leave a big chunk of their wealth to charity. Among the billionaires who have signed Bill Gates pledge are Facebook’s Mark Zuckerberg and veteran billionaire investor Warren Buffet.
Bill Gates is working through his foundation to eradicate polio and find a Malaria vaccine