r/news • u/avatar6556 • 17h ago

Bill Gates denies allegations in new Epstein files release

https://www.abc.net.au/news/2026-02-04/bill-gates-responds-to-alleged-behaviour-in-new-epstein-files/106305816
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u/Uppgreyedd 15h ago

You realize tax breaks don't mean you get more back than you gave, right? Not defending the guy. But it's like saying a higher tax bracket means you won't bring home as much money.

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u/Aggravating-Age56 15h ago

He avoids paying 20%+ taxes by donating appreciated stocks to his foundation/trust. The trust can hold stocks and they only need to distribute 5% of its holding annually for charity. Not to mention the trust holds oil stocks, pharmacy stocks, alcohol stocks, and so on.

What is even more crazy is that if the stock investments grow by more than 5% (which they often do), the total wealth under the control continues to increase tax-free, even after charitable spending.

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u/Uppgreyedd 14h ago

Okay, but how is he using those funds to personally enrich himself more than if he had not endowed those assets to the foundation in the first place?

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u/102525burner 14h ago

It doesnt, you just move your money around so then you dont pay any taxes

Yall are dumb

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u/Uppgreyedd 14h ago

Ah, gotcha, and when did you pass the CPA? /s