More than 8,000 French households’ tax bills topped 100 percent of their income last year, the business newspaper Les Echos reported on Saturday, citing Finance Ministry data. …President Francois Hollande’s Socialist government imposed the tax surcharge last year, shortly after taking office… The government has been forced to redraft a proposed bill to levy a temporary 75 percent tax on earnings over 1 million euros, which had been one of Hollande’s campaign pledges. …Since then, a top administrative court has determined that a marginal tax rate higher than 66.66 percent on a single household risked being considered as confiscatory by the council.
If you want to understand real tax reform,click here.
And here’smy videodescribing why the right kind of flat tax is a good idea.
This topic is particularly meaningful to me since I’m in the middle of the Free Market Road Show and I’ve been five flat tax nations – Bulgaria, Romania, Kosovo, Macedonia, and Albania – in the past 36 hours.
P.S. I guess it’s good that the French court thinks that a 66.66 percent tax is “confiscatory.” But isn’t that true of any tax – at any rate – that is used to fund illegitimate activities?
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Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.
Sincerely,
Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com
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The Flat Tax is the way to go. Since Leftists Don’t Like Corporate Loopholes, They Should Support the Flat Tax August 9, 2012 by Dan Mitchell I appeared on CNBC a couple of days ago to discuss a new report which claims that some big U.S. companies “only” paid 9 percent of their income to the […]
The Flat Tax would lower the incentive to avoid paying taxes to the government. Then it seems that those who complain about all the Washington influence-peddling and lobbying should support the Flat Tax. Max Brantley of the Arkansas Times complains probably the most but there is no way he would favor trying to lesson the problem […]
If we want the economy to grow then we should look closely at a flat tax. A Primer on the Flat Tax and Fundamental Tax Reform August 11, 2012 by Dan Mitchell In previous posts, I put together tutorials on the Laffer Curve, tax competition, and the economics of government spending. Today, we’re going to look […]
Uploaded by afq2007 on Mar 29, 2010 This Center for Freedom and Prosperity Foundation video shows how the flat tax would benefit families and businesses, and also explains how this simple and fair system would boost economic growth and eliminate the special-interest corruption of the internal revenue code.http://www.freedomandprosperity.org__________________________________ Dan Mitchell hits the nail […]
It is amazing to me that Reagan put in only 3 levels of taxation before he left office but now we have made it complicated again. Take a look at this video from the Cato Institute. Uploaded by catoinstitutevideo on Apr 13, 2009 This video was produced by Caleb Brown (http://www.twitter.com/cobrown) and Austin […]
Uploaded by afq2007 on Mar 29, 2010 This Center for Freedom and Prosperity Foundation video shows how the flat tax would benefit families and businesses, and also explains how this simple and fair system would boost economic growth and eliminate the special-interest corruption of the internal revenue code.http://www.freedomandprosperity.org__________________________________ Dan Mitchell hits the nail […]
I really like to read Dan Mitchell’s opinions. Grading Perry’s Flat Tax: Some Missing Homework, but a Solid B+ Posted by Daniel J. Mitchell Governor Rick Perry of Texas has announced a plan, which he outlines in the Wall Street Journal, to replace the corrupt and inefficient internal revenue code with a flat tax. Let’s […]
When taxes are raised the taxpayers change their behavior!!! Question of the Week: Quit Dodging the Issue and Tell Us the Revenue-Maximizing Point on the Laffer Curve May 19, 2013 by Dan Mitchell I feel like I’m on the witness stand and I’m being badgered by a hostile lawyers. Readers keep asking me to […]
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