France Tax Hike Lends Perspective To Debate In The U.S.

Leave it to France to put socialist economic policy on full display. The reports are out that French president Francois Holland is seeking a new budget plan that would establish a top marginal income tax rate of 75 percent, meaning after your income hits a certain level—in this case about $1.2 million in American dollars—you can count on paying three out of every four dollars earned to the gov... More

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