Hollande Wants to Tax High Salaries 75 percent

This after being told 75 percent income taxes on high wages were unfair

President Francois Hollande says that companies that pay their employees more than 1 million euros ($1.3 million) will see their tax bill on those salaries rise to 75 percent.

The new payroll tax - which would last only for two years - is meant to replace a proposal to tax individuals whose income was above 1 million euros that was struck down by the country's highest court.

(Hat tip to Reason commenter CampingInYourPark)

Comments

[Jerry on the boat]

So Hollande is enjoying record low approval ratings and this is what he comes up with? Even the French must feel disgusted with this kind of opportunism.

[Sevo]

..."which would last only for two years"...
Seriously, it's the north anchorage of the bridge, not the whole thing! And it's such a deal, it's not going to last long; better get it now!