Rich Individuals Should Pay More Taxes, But Wealthy Corporations Should Pay Less?
SAN FRANCISCO — Bill Gates Sr. — father of the co-founder of Microsoft who is the USA's richest man — is fighting to keep Bush from killing the estate tax that hits the super-rich but also some small-business owners and farmers. His son agrees with him, as do billionaires Warren Buffett, David Rockefeller Sr. and others.
DES MOINES, Iowa (AP) - An Iowa Senate committee has approved a bill to grant tax breaks to Microsoft -- if the computer giant decides to put a project in Iowa.
As Taxing Tennessee points out, Bill Gates opposes eliminating the death tax but is quite happy to have local and state taxes eliminated for his company, Microsoft, which is holding more than $22 billion in cash, and made about $17 billion in profits last year.