But how would they be able to live on that?

https://lemmy.world/post/14315441

But how would they be able to live on that? - Lemmy.World

Why is Bill Gates paying a smaller proportional share than the other two?
Has he been paying taxes already?
He’s not ceo of MS anymore
It’s a wealth tax, not an income tax. According to these numbers his wealth is comparable to the other two, so why is his bill over 10x smaller?
That I can’t explain then
Probably something to do with charity or donations.
Bezos isn’t CEO of Amazon. He’s still paying lots more.

That also seemed odd to me.

I think they are confusing a wealth tax with fair taxation.

The shown numbers seem to roughly correspond with what would be owed if they had paid fair capital gains tax over the past years. In other words, if all the tax loopholes were closed.

Bill Gates just didn’t have nearly the same amount of capital gains over the past few years compared to Elon and Jeff.

A wealth tax would tax then proportionally similar, so Jeff wouldn’t be paying 10x the tax that Bill G would pay.

He’s not taking full advantage of Trump’s tax system, and has been speaking out against it.
Bill Gates thinks super-wealthy should pay more tax — and he's not alone

Bill Gates told the World Economic Forum that countries, companies and individuals who have the most "should be pushed to be more generous."

Insider
Came here to see the discussion on this. My only assumption is he’s been paying more taxes than others. He’s been one of the few in favor of taxing the rich more.