Will Bill Gates Support New Income Tax for Wealthy?
Most of the tax-the-rich debate these days is focused on the Bush tax cuts. But there’s another fiercely contested battle over taxing the wealthy that’s raging in Washington. It aims to create a new state income tax for those earning $200,000 or more.
It’s unclear how the measure will fare on the Nov. 2 vote. But one man seems to be noticably absent from the debate: Bill Gates.
Bill’s dad, Bill Gates Sr., helped launch the ballot initiative, known as I-1098. He has also contributed $500,000 to the political campaign to get it approved. A person close to the younger Gates says he will, in fact, vote in favor of 1098, but his position has not been made public.
