France's 75% millionaire tax – Incomes of $150,000 will be taxed at 40% - (do it in america)

Submitted by Quest-News-Serv... on Wed, 10/03/2012 - 03:41.

In France, a new 75% income tax on individuals earning over a million Euro ($1.2 million) per year was announced today. Incomes of $150,000 will be taxed at 40%. French business owners and citizens are scrambling to leave the country to avoid the new legislation. This has been done to offset the billions being used to bail out failing banks and reckless government spending.

McGrath: “You Better Look at Reality… and Understand What’s Coming Next”

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France's 75% millionaire tax – is it a viable option for the US?

http://www.guardian.co.uk/commentisfree/2012/sep/28/france-millionaire-t...

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