France has the highest tax rate with a 75% rate on millionaires. In the U.S., the fight is over whether to extend the top rate to little more than half that amount.
NEW YORK (CNNMoney) -- Joseph J. Thorndike is a contributing editor at Tax Analysts and a columnist for Tax Notes magazine. His new book, "The Fair Share: Taxing the Rich in the Age of FDR," will be published later this year by the Urban Institute Press.
France's Socialist President François Hollande is the talk of Europe for his planned 75% tax rate on individual incomes over €1 million. When enacted, the new rate will catapult France to the top of the list of high-tax countries.
WP.jpg)
'via Blog this'
No comments:
Post a Comment