My new deadline: 20 years to give away virtually all my wealth

You can only write off ~ 67% of your income in through charitable deductions IIRC. Of course, I suppose if donating shares of appreciated stock that doesn't quite apply the same way.

Re: My new deadline: 20 years to give away virtually all my wealth

#8

Post by lagniappe » Thu, May 08, 2025, 2:48 PM UTC

earlyriser wrote: post #6

oceanhaiyang wrote: post #4

[flagged]

Gates has been advocating for higher taxes to people like him for a while.

Look at outcomes, not words and ambitions.

Re: My new deadline: 20 years to give away virtually all my wealth

#9

Post by twodave » Thu, May 08, 2025, 2:48 PM UTC

oceanhaiyang wrote: post #4

[flagged]

Not “to” but “through”. What am I missing?

Re: My new deadline: 20 years to give away virtually all my wealth

#10

Post by senko » Thu, May 08, 2025, 2:49 PM UTC

$108B net worth now (per chart in the article), so he will be left with paltry $1B.

Still, would be beautiful to see all megarich do the same. Keep a few yachts, mansions and planes if you give back a few small countries' worth of GDP back.