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Topic: France´s highest court overturns
75 percent tax on ultrarich |
France´s highest court overturns
75 percent tax on ultrarich
Associated Press, by Staff
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Original Article
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Posted By:FlyRight, 12/29/2012 8:35:48 AM
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| PARIS — Embattled French President Francois Hollande suffered a fresh setback Saturday when France´s highest court threw out a plan to tax the ultrawealthy at a 75 percent rate, saying it was unfair.In a stinging rebuke to one of Socialist Hollande´s flagship campaign promises, the constitutional council ruled Saturday that the way the highly contentious tax was designed was unconstitutional. It was intended to hit incomes over €1 million ($1.32 million).
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Reply 1 - Posted by:
ruready?, 12/29/2012 9:04:48 AM (No. 9088463)
Fair / Unfair - Socialist mumbo jumbo. We are supposed to be a society based upon the rule do law, not the tyranny of whims.
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Reply 2 - Posted by:
Northern Redman, 12/29/2012 9:25:23 AM (No. 9088491)
Interesting approach. Maybe we could do the same thing here and have the Supreme Court declare the progressive tax rate discriminatory as it does not apply equally to all citizens.
Start with a 25% flat tax. Give every person a fixed amount every month, say $600, using the Social Security payment system, even the "rich". Eliminate all other federal taxes. That should fix the system while protecting those who really do need help.
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Reply 3 - Posted by:
uno, 12/29/2012 9:36:37 AM (No. 9088504)
Left unchecked we can all see what Socialists attempt to do: prey on the successful.
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Reply 4 - Posted by:
stablemoney, 12/29/2012 9:45:27 AM (No. 9088514)
Liberals will spend all they have, all you have, and all they can borrow. Liberals are always on the look out for ways to raise their revenue or credit lines. Liberal never intend to repay, so repayment obligations or burdens hardly concern them.
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Reply 5 - Posted by:
Father of Internet, 12/29/2012 10:37:50 AM (No. 9088580)
Note to John Roberts, US Supreme Court Chief Justice - no on is questioning Congress´s Constitutional right to levy taxes (it is the public´s responsibility to convince our reps to make it less frequent - it is the method by which they passed Obamacare that should follow this lead and be declared an unconstitutional breach of the rule of law.
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Reply 6 - Posted by:
RedWhiteBlue, 12/29/2012 10:46:18 AM (No. 9088589)
0bumbascare is the biggest TAX LAW that was passed ever in our history and the supreme court OKd it.
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Reply 7 - Posted by:
Barkingkangaroo, 12/29/2012 11:00:27 AM (No. 9088603)
Correction #4. Libs spend all you have. Joe Biden gets a pay raise.
The problem with soaking the rich is they can afford lawyers to hide their money. Rich people can afford to change their lifestyle and move to a better place.
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Reply 8 - Posted by:
Topic Thunder, 12/29/2012 11:07:22 AM (No. 9088612)
You mean this whole thing was just a stunt to get Gérard Depardieu to leave France?
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Reply 9 - Posted by:
texascunning, 12/29/2012 12:45:10 PM (No. 9088763)
Agree 100% with #1
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Reply 10 - Posted by:
ColonialAmerican1623, 12/29/2012 11:03:35 PM (No. 9089360)
Perhaps they didn´t like the mass exit of wealthy.
Are you listening Zippy ?
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