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International Business Times UK

Politics

Niloy Chakrabarti

Bill Gates Reveals How Much Tax He Is Willing to Pay and Why $100B Is Too Much; Elizabeth Warren Responds

Bill Gates Elizabeth Warren

Gates says he’s willing to pay more in taxes—but jokes that $100 billion might make him do the math. (Credit: European Parliament/Flickr CC BY 4.0)

Bill Gates has drawn a line on how much of his fortune should go toward taxes, saying he would accept paying up to $20 billion but would take a step back and think twice if someone demanded $100 billion.

In response, Massachusetts senator Elizabeth Warren had said that the wealth tax she proposed would not cost the Microsoft co-founder anywhere near that amount, challenging his argument as the debate over taxing America's richest households returns to the spotlight.

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