French Taxes

By Greg Scoblete
February 28, 2012

The socialist candidate wants to boost France's tax rate to 75 percent.

In the U.S., the only politically acceptable discussion regarding taxes is generally how deep they should be cut. In France, not so much:

'The Socialist tipped to become France's next president took aim at the wealthy Tuesday with plans to slap a 75 percent tax rate on top earners.

Francois Hollande said it was simply a case of "patriotism to accept to pay extra tax to get the country back on its feet again" and reverse the policies of President Nicolas Sarkozy that he said favoured the rich.

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