France is going to cnduct an experiment on the effect of increased taxes. Outcome?

[HappyTexan]

Originally Posted by wxjay

Aren't we consistently told that the top marginal rate in this country was once 90%?

And a dollar was worth 100% as well. How much value has the dollar lost over the years ?

[OICU812]

Originally Posted by nicet4

Wealthy hit hardest as France raises taxes



Why do they think raising tax rates will raise tax revenues?

This will be fun watching France dive head first into the socialist sewer of politics.

Socialism only lives off other people's money, it will be fun to watch the French run out of it.

[OICU812]

Originally Posted by wxjay

Aren't we consistently told that the top marginal rate in this country was once 90%?

...and they had so many tax tricks, dodges, shelters and deductions out there to make that 90% figure completely irrelevant. France might actually be taking 75% of it.

[BruSan]

Originally Posted by OICU812

Socialism only lives off other people's money, it will be fun to watch the French run out of it.

Uuuuh; yeah, it's sure a lot of fun watching a country fall to it's knees because of socialistic tendancies like forcing banks to lend money to those who cannot afford homes to allow them to buy them anyway.

Sheeeit; you pots gotta stop talking about kettles as though THEYRE the ONLY idiots in the kitchen!

[Dockside]

Originally Posted by OICU812

Socialism only lives off other people's money, it will be fun to watch the French run out of it.

But first, they will chase away all healthy companies.

From The Economist - The government plans some immediate fiscal changes on July 4th, a day after Jean-Marc Ayrault, the prime minister, outlines his legislative plans to parliament. They will include a vast array of tax rises—on the annual wealth tax, companies, oil firms, financial transactions and inheritance—focused on the rich and on business. There may be an extra 3% dividend tax to be paid by companies. Mr Sarkozy’s planned VAT increase will be abolished. Further tax rises are expected in the full 2013 budget, due in September, including a new top rate of income tax of 75% on incomes over €1m.

France