5/18/2013

More than 8,000 French households income tax rates topped 100%

And people are surprised that some of the wealthy are leaving France?  From Reuters:
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. . . .
Les Echos reported that nearly 12,000 households paid taxes last year worth more than 75 percent of their 2011 revenues due to the exceptional levy. . . .

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