The real story of that 75% tax rate

Among the measures deemed anti-constitutional is the now world-famous and highly symbolic 75% tax rate for incomes above €1m. Why did the council consider Hollande\’s measure invalid? Simply because it stipulated that any individual earning more than a €1m a year would be taxed 75%, and whoever penned the bill didn\’t seem to know the basics of French fiscal principles; they should indeed have known that the French system taxes households, not individuals.

Has the Murphmeister been freelancing across the Channel? You\’d need something like that to get such an incredible level of arrogance and ignorance.

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