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Friday, September 28, 2012

Preview of a Second Obama Administration? French President Proposes 75% Tax Rate on Millionaires, Eschews Tax Reform

http://taxprof.typepad.com/taxprof_blog/2012/09/preview-of-a-second-obama-administration-.html

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Comments

Um, no.

Posted by: Anonymous | Sep 28, 2012 2:13:10 PM

I agree with Anonymous, no Congress, whether controlled by Dems or Reps, is prepared to raise tax rates that high in the next four years.

Like the frog in the pot that is slowly boiled to death, our rates will be raised in small increments over a much longer time before we get to 75%.

Posted by: DLN | Sep 28, 2012 3:10:22 PM

Obama isn't going to let France win this. In fact, he's off to a great start: Top Five Worst Obamacare Taxes Coming in 2013, including "The Obamacare Medicare Payroll Tax Hike -- an $86.8 billion tax increase."

Posted by: Woody | Sep 28, 2012 9:10:31 PM

Unless it changed, I thought France was exempting athletes. Some are more equal than others.

Posted by: Sandy P. | Sep 29, 2012 4:39:23 PM