Results 1 to 3 of 3
  1. #1 Taxes on some wealthy French top 100 pct of income: paper 
    PORCUS MAXIMUS Rockntractor's Avatar
    Join Date
    Apr 2009
    Location
    oklahoma
    Posts
    42,464
    Reuters) - More than 8,000 French households' tax bills topped 100 percent of their income last year, the business newspaper Les Echos reported on Saturday, citing Finance Ministry data.

    The newspaper said that the exceptionally high level of taxation was due to a one-off levy last year on 2011 incomes for households with assets of more than 1.3 million euros ($1.67 million).

    President Francois Hollande's Socialist government imposed the tax surcharge last year, shortly after taking office, to offset the impact of a rebate scheme created by its conservative predecessor to cap an individual's overall taxation at 50 percent of income.

    The government has been forced to redraft a proposed bill to levy a temporary 75 percent tax on earnings over 1 million euros, which had been one of Hollande's campaign pledges.
    Read More>http://www.reuters.com/article/2013/...94H0AX20130518
    Just reading this could cause Obama to have wet dreams.
    The difference between pigs and people is that when they tell you you're cured it isn't a good thing.
    http://i.imgur.com/FHvkMSE.jpg
    Reply With Quote  
     

  2. #2  
    Power CUer
    Join Date
    Jun 2008
    Posts
    10,275
    I hope the socialists lost their nest eggs. Maybe next time they'll vote differently.
    Reply With Quote  
     

  3. #3  
    Senior Member
    Join Date
    Jul 2009
    Posts
    2,744
    Quote Originally Posted by Elspeth View Post
    I hope the socialists lost their nest eggs. Maybe next time they'll vote differently.
    Sadly, that's what it's going to take, I'm afraid: something akin to a new French Revolution to reign in that out-of-control government.

    Worse yet, it may be coming to American shores in the not-terribly-distant future.
    Olde-style, states' rights conservative. Ask if this concept confuses you.
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •