Listening
Gold Member
- Aug 27, 2011
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So France is Scrapping its 75 Tax Rate RedState
France is providing us with a very good case study on what happens when you raise taxes too high. The 75% tax rate imposed upon the richest French residents* was a centerpiece of Socialist Francois Hollande’s campaign for the French Presidency. At any rate, having found out just what happens when you raise taxes to such draconian levels, the country is now quietly scrapping it.
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Sacre Blue !!!
France is providing us with a very good case study on what happens when you raise taxes too high. The 75% tax rate imposed upon the richest French residents* was a centerpiece of Socialist Francois Hollande’s campaign for the French Presidency. At any rate, having found out just what happens when you raise taxes to such draconian levels, the country is now quietly scrapping it.
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Sacre Blue !!!