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#1 France's Constitutional Council rejected a 75 percent upper income tax rate
12-29-2012, 11:18 AM
By Emile Picy and Catherine Bremer
PARIS | Sat Dec 29, 2012 8:29am EST
(Reuters) - France's Constitutional Council on Saturday rejected a 75 percent upper income tax rate to be introduced in 2013 in a setback to Socialist President Francois Hollande's push to make the rich contribute more to cutting the public deficit.
The Council ruled that the planned 75 percent tax on annual income above 1 million euros ($1.32 million) - a flagship measure of Hollande's election campaign - was unfair in the way it would be applied to different households.
Read More>http://www.reuters.com/article/2012/...8BS05M20121229
I'm surprised this constitutional council did not say “It Is Not Our Job to Protect the People From the Consequences of Their Political Choices”Woe to those who call evil good, and good evil;
Who substitute darkness for light and light for darkness;
Who substitute bitter for sweet and sweet for bitter!
21 Woe to those who are wise in their own eyes
And clever in their own sight! Isaiah 5:20-21 NASB
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12-30-2012, 12:48 AM
Hey Rock, do you know why the streets in Paris are lined with trees ? So the Germans can march in the shade.
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12-30-2012, 12:55 AM
Woe to those who call evil good, and good evil;
Who substitute darkness for light and light for darkness;
Who substitute bitter for sweet and sweet for bitter!
21 Woe to those who are wise in their own eyes
And clever in their own sight! Isaiah 5:20-21 NASB
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