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Old 07-05-2012, 09:23 AM
 
Location: Great State of Texas
86,052 posts, read 80,532,315 times
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Quote:
Originally Posted by wxjay View Post
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 ?
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Old 07-05-2012, 09:31 AM
 
14,295 posts, read 9,217,510 times
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Quote:
Originally Posted by nicet4 View Post
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.
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Old 07-05-2012, 09:33 AM
 
14,295 posts, read 9,217,510 times
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Quote:
Originally Posted by wxjay View Post
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.
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Old 07-05-2012, 09:40 AM
 
22,689 posts, read 13,741,618 times
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Quote:
Originally Posted by OICU812 View Post
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!
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Old 07-05-2012, 10:28 AM
 
12,270 posts, read 10,718,457 times
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Quote:
Originally Posted by OICU812 View Post
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
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