France Considering Tax Rate of 75%
- 12 years ago
France Considering Tax Rate of 75% - as part of the news series by GeoBeats.
The newly elected President of France, Francois Hollande, is moving forward with his campaign promise to raise taxes on the wealthy to 75 percent on assets worth over 1 million 23 thousand dollars. The new legislation makes some French constituents happy, who thought that the previous leader was being easy on the wealthy. The French government is trying to balance the national budget by 2017, while facing economic woes. France’s unemployment rate is over 10 percent and the President is hoping the money will go to help the less fortunate, and not be stashed away in foreign bank accounts to avoid the tax hike.
Other policies of Hollande’s are being questioned by the Catholic Church like going ahead with his plan for a new law that will allow for same sex couples to be legally married by 2013. The Church is calling for the National Day of Prayer to include praying for lawmakers, in an appeal to stop plans for not only same sex marriages, but also same sex adoption.
The newly elected President of France, Francois Hollande, is moving forward with his campaign promise to raise taxes on the wealthy to 75 percent on assets worth over 1 million 23 thousand dollars. The new legislation makes some French constituents happy, who thought that the previous leader was being easy on the wealthy. The French government is trying to balance the national budget by 2017, while facing economic woes. France’s unemployment rate is over 10 percent and the President is hoping the money will go to help the less fortunate, and not be stashed away in foreign bank accounts to avoid the tax hike.
Other policies of Hollande’s are being questioned by the Catholic Church like going ahead with his plan for a new law that will allow for same sex couples to be legally married by 2013. The Church is calling for the National Day of Prayer to include praying for lawmakers, in an appeal to stop plans for not only same sex marriages, but also same sex adoption.