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DAVOS/ BILL GATES ON TAXES

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post 1327595342
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Recorded: Thu 26 Jan 2012, 15:03 GMT
Released: Thu 26 Jan 2012, 15:57 GMT

Subject(s):
- economy, business and finance
- crime, law and justice > laws


Related Stories: World Economic Forum 2012 - Davos

Location: United States (USA), UNITED STATES (USA)

United States (USA), UNITED STATES (USA), Thu 26 Jan 2012, 15:03 GMT

THE BIGGEST NAMES IN BUSINESS ARE IN DAVOS, SWITZERLAND AT THIS YEAR'S WORLD ECONOMIC FORUM.
FOX BUSINESS' LIZ CLAMAN IS THERE SPEAKING WITH THESE MOVERS AND SHAKERS ALL THIS WEEK.
IN AN EXCLUSIVE INTERVIEW, CLAMAN SAT DOWN WITH MICROSOFT CHAIRMAN BILL GATES.
AND, ONE OF THE TOPICS THEY COVERED WAS TAXES.
TAKE A LOOK...
GATES says: Well the country has a gigantic deficit. We spend about twenty five percent of the economy and we collect about fifteen percent taxes. And that, that's a gigantic gap. And even as the economy improves and you end the wars, you're going to have to raise taxes. And certainly whatever form it takes, and I'm not an expert on this, the rich should bare a larger increase than the rest.
TUNE IN TO FOX BUSINESS FOR PLENTY MORE FROM LIZ CLAMAN IN DAVOS THROUGHOUT THE REST OF THE WEEK.




Keywords
Bill Gates


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