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It doesn't exempt him from paying tax. But money donated to charity is not considered income, so taxes are not paid on it. This has the affect of increasing the donation, in his case probably at a tax rate of 40 to 50%. When you make as much as he does, the size of the donation is probably not enough to lower his tax bracket.
What else can I help you with?
How did bill gates contribute to society?
creating one of the worlds most popular computer operating system and donating billions of dollars to charity out of his own generosity.
What is something interesting about bill gates?
He built his first computer in his garage. He sometimes wears a wig. He is donating all his money to charity after death and leaving his children with only a small portion of it He got arested for a travic violation
What don't billionaires do for charity?
Some billionaires do a lot for charity. Bill and Melinda Gates have given a fortune to charity. Warren Buffet has kicked in billions to the Gates charitable foundation.
Which charity does Bill Gates give his money to?
He found his own charity called Bill and Melinda Gates Foundation. See related link bellow.
Is Bill Gates a giving person?
Bill Gates is considered one of the foremost philanthropists in the United States today. Through the Bill & Melinda Gates Foundation, which is the largest transparent charitable foundation in the world (allow benefactors access to information on how the money is spent), they have donated well over $28 billion (2007 figure) and eventually they plan on donating at least 95% of their wealth to charity.
Does bill gates donate any of his money to charities?
Yes, Bill Gates gives lots of money to charity. Whether or not he should give more or whether he is an overall positive or negative influence in the world is another discussion as the question is a purely factual one. But the answer is that Bill Gates gives enormous amounts of money to charity. Simply search the internet for the "Bill and Melinda Gates foundation" or "Bill Gates donations".
Who has gave the most money to charity?
Bill Gates
What is Bill Gates charity called?
I'm doing a report on him and it is called.................... the Bill & Melinda Gates Foundation
What does Bill Gates charity do?
Alot of thing like you have no idea!
Who was the billionaire who gave most of his money to charity?
bill gates
What charity does Bill Gates support?
He supports some kid's charities & his own, the Bill & Melinda Gates foundation.
What charity does Bill Gates give money to?
Bill and his wife Melinda have their own Charity called the Bill and Melinda Gates foundation. The projects of the charity are; to tackle extreme poverty and poor health in developing countries as well as improving American education. they have a website:gatesfoundation.org
