Things always could be worse. If you read the following article you will see that:
--French are taxed at 45% over 150,000 Euros
-- 800 of France's weathliest have left the country
-- More are going to leave if the 75% tax is adopted
--Capital Gains can range up to 65%
--Corporate Taxes range from 33-35% and
--French philanthropists can only contribute 66% of their first 20% of income.
France and the rest of the Euro-zone are in trouble and we seem to want to emulate them? Are our leaders really that stupid?
Conservative Tom
Here is the link:
http://thetrustadvisor.com/news/tax-avoidance-experts-urgently-needed-in-france
--French are taxed at 45% over 150,000 Euros
-- 800 of France's weathliest have left the country
-- More are going to leave if the 75% tax is adopted
--Capital Gains can range up to 65%
--Corporate Taxes range from 33-35% and
--French philanthropists can only contribute 66% of their first 20% of income.
France and the rest of the Euro-zone are in trouble and we seem to want to emulate them? Are our leaders really that stupid?
Conservative Tom
Here is the link:
http://thetrustadvisor.com/news/tax-avoidance-experts-urgently-needed-in-france
"France and the rest of the Euro-zone are in trouble and we seem to want to emulate them?"
ReplyDeleteOn the contrary, our leaders just did a nearly $4 trillion TAX CUT on January 1, 2013. For all his talk about the need for revenue, Obama's tax policy is to retain nearly all of the Bush tax cuts, estate tax, AMT, corporate welfare, and all the rest of it. See the JCT tables.
--David