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Think you've heard every possible excuse about why you shouldn't vote for I-1098, the Bill Gates Sr.-sponsored income tax on the wealthy? Well then you

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60 Minutes Dispels Weird Myth That Bill Gates Won't Pay I-1098 Taxes (VIDEO)

60minutes.jpg
Think you've heard every possible excuse about why you shouldn't vote for I-1098, the Bill Gates Sr.-sponsored income tax on the wealthy? Well then you must not have watched 60 Minutes last night. Because while we've watched as the The Seattle Times, Boeing and Microsoft all tried to paint the initiative as a voter-backed business-killer, it wasn't until the clock started tick-tick-ticking that we'd seen someone complain that I-1098 was unfair because it didn't tax Gates' son, the second-richest man in the world.

As part of her segment last night, reporter Lesley Stahl tried to do the fair-and-balanced thing and interview those both for and against I-1098. Not surprisingly, none of the nays from Boeing or Microsoft, including CEO and lead donor Steve Ballmer, made themselves available for comment. Which left Stahl talking with a small-business owner who apparently knows very little about money.

The whole segment is worth your time, even with an extended Lipitor commercial in the middle. But click ahead to the 10:45 mark if you'd like to see the genesis of a new, weird myth: that because he made most of his money before I-1098, Bill Gates, he of the $50 billion dollars, would somehow avoid paying any taxes under the initiative. As his dad put it, "This conversation isn't making any sense."

 
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