$ cat ./records/leaked-irs-files-show-bill-gates-paid-a-modest-tax-rate-relative--2021.txt
Leaked IRS Files Show Bill Gates Paid a Modest Tax Rate Relative to His Wealth
[RECORD.TXT] · cat --full
ProPublica's 2021 'Secret IRS Files' series, based on a trove of leaked tax data for thousands of the wealthiest Americans, reported that billionaires — including Bill Gates — legally paid income taxes amounting to only a small fraction of their soaring fortunes. ProPublica's analysis put the 25 richest Americans' collective 'true tax rate,' measured against their wealth growth, at about 3.4 percent; Gates's reported effective income-tax rate, around 18 percent, was higher than many peers but still modest relative to his gains. The reporting drew attention because Gates has publicly called for the rich to pay more in taxes. The leak prompted a federal investigation into its source.
Source: https://www.propublica.org/series/the-secret-irs-files
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Related Accomplishments
1990s
Gates keeps a collection of rare and classic cars
Despite his reputation for frugality in some areas, Bill Gates has long indulged a passion for cars, assembling a collection that has included several Porsches — among them the 911 he has owned for decades and the storied 959 — as well as other classics. His automotive tastes, and the saga of importing the then-illegal 959, are among the more colorful footnotes of his personal life.
1990s
Gates retreats for solitary, twice-yearly 'Think Weeks'
For years Bill Gates retreated twice a year to a secluded cabin for a solitary 'Think Week,' during which he read stacks of papers, books, and employee proposals with no interruptions, emerging with strategic memos that shaped Microsoft's direction. The ritual became famous as a model of deep, focused thinking by a busy executive, and was credited with helping spark major pivots — including Microsoft's embrace of the internet. Gates carried the habit of voracious, deliberate reading into his philanthropy.
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