75 Percent Income Tax on Rich Struck Down as Unconstitutional in France
Doesn't recognize "equality before public burdens" because it applies to individuals not households the Constitutional Council ruled
France's constitutional council has struck down a top income tax rate of 75% introduced by Socialist President Francois Hollande.
Raising taxes for those earning more than 1m euros (£817,400) has been a flagship policy for Mr Hollande.
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post comments
You mean France's equivalent of Obozo can't just make it up? Someone is really willing to call him on stuff?
We need something like that.