Home » Hot off the Press » French Court Vetoes 75% Tax Rate
French President Francois Hollande’s scheme to impose a 75% tax on the country’s millionaires has hit a temporary snag.
A French court has ruled the tax illegal because it is being directed to individuals rather than households (which is how French income tax is levied).
However, this will not deter the Socialists. French Prime Minister Jean-Marc Ayrault has indicated that a 75% income tax on households will soon be introduced.
Well, all this means is there will be a lot more families following in Gerard Depardieu’s leaving footsteps to Belgium. Meanwhile, the French economy will remain stagnant and their deficit will continue to balloon.
Nobody, to my knowledge, has ever accused Rep. Ilhan Omar...Read More
Perhaps it's a sop to the aging liberals who still...Read More
On Monday, May 25, 2020, George Floyd, a man with...Read More
I've discussed the "hero's journey of Donald Trump” here in...Read More
For decades, the Democrats have depended on the overwhelming support...Read More
The Christian story started very simply: a mother delivered her...Read More