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Friday, September 28, 2012

French Tax Rates Guaranteed to Reduce Revenue

the Socialist government of France has introduced a new 75% tax rate.  This is absolutely guaranteed to reduce tax revenue from the intended victims, those earning over a million euros. The reason is fairly simple.

People earning a million euros can afford to stop working, defer income or simply move out of France.   But this exercise will be a great "teachable moment."

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