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Forums - General - Bill Gates Donates $750 MILLION to charity

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TC_Squared on 30 January 2012

What, did he clear out his jacket pockets? Seriously though, that's a great thing he did. Thank you, Bill Gates.



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errorpwns on 30 January 2012
Jumpin said:
Marks said:

How can you possibly say it's just a vanity opportunity? Not everyone has an alterior motive for donating. Would you rather he just keep all his money which he could quite easily do?


Quite simple, he held a press conference to announce the donation as shown in the original post. And no he couldn't quite easily keep all of his money, if he didn't donate to charities then he would pay it in taxes.

Essentially, he donates in place of taxes, and holds press conferences so people like you will praise him. If he would donate anonymously, it would be a completely different story.

 


http://thinkprogress.org/economy/2012/01/25/411283/bill-gates-taxes-justice/?mobile=nc

 

Quit spreading lies.  Bill gates is for a tax hike on the rich.  So he CAN PAY MORE TAXES.  You obviously don't research before you post.



lordmandeep on 30 January 2012

"You know, there is one thing on here and with people in general I have always found to be the funniest dam thing imaginable.

Lets say Bill Gates pays 25% of his income in taxes. Now lets say Bill Gates makes $1 billion this year alone. Bill Gates will effectively pay $250 million in taxes (This example is done out of completely simplicity, I know it can be much more complicated).

Bill Gates now donates $250 million for the SOLE purpose of lowering his taxes. Bill Gates now has $750 million in taxable income, and he pays $187.5 million in taxes. So in order to "avoid" paying $67.5 million in taxes, Bill Gates had to donate $250 million.

I have absolutely no clue where the stupid idiotic assumption came out that people donate money for the sole reason to avoid taxes, because it makes absolutely no sense. I'm almost positive one of the richest men in the world knows that donating money to lower your taxes is about as dumb as it gets, because you will wind up having a lot more money come out of your pocket.

Did it ever occur to people that perhaps Bill Gates realizes he has an incredible amount of money, and honestly just wants to help out the damned world with some of the issues that we have?"


OWNAGE!!!

lol well said