Skip to comments.France’s highest court rules proposed 75% supertax rate unconstitutional
Posted on 12/29/2012 11:42:50 AM PST by Olog-hai
French president François Hollande suffered a damaging setback yesterday when Frances highest court ruled his proposed 75% supertax rate unconstitutional.
The measure, which is blamed for an exodus of wealthy French abroad, was a pillar of the Socialist leaders successful Spring election campaign. But in an unexpected blow, Frances Constitutional Council ruled that the tax band did not guarantee equality for taxpayers because two households with the same total revenue could end up with different tax bills.
Although the tax would have hit only around 1,500 people, it was seen as the totem in Hollandes political manifesto, which said it was justifiable in a time of economic crisis. Hollande, who once publicly declared I dont like the rich, had called for economic patriotism from Frances wealthiest citizens.
(Excerpt) Read more at telegraph.co.uk ...
For the first time in his life Karl Marx would be proud of Monsieur Hollande.
There’s no room in Western leadership for Marxist scumbags.
“75% is excessive, but 74% is okay.”
france is hosed, anyway. sooner or later, the entire thing will collapse. any “constitution” that allows a tax, but prohibits a particular tax rate, is no constitution at all.
the french electorate voted to commit suicide. they should be allowed to finish their work.
Yeah, diss France (predictably, YAWN!) while never admitting that no tax in this paradise of ours can ever or will ever be declared unconstitutional.
In the US otherwise unconstitutional acts can become constitutional if they are camouflaged as a mere "tax".
Damn! Beat me to it. Lol!
Someone hand Obama a hanky.
Hollande will simply "fix" the problem by making sure those households pay the same exhorbitant tax bill.
Sorry about that!
[Text is now taxed at 74.99% rate!]
and the French SC could grant summary judgement to
an appeal of this law etc etc until it’s LOW ENOUGH.
This, however might take some time. EH?
Thanks for the laugh. I needed that. Happy New Year.
Happy New Year, ‘see’ you next year unless taxes, the grim reaper, my coffee, or the Abominable Snowman gets us all beforehand.
[Those HIDEOUS Yeti!!]
/ end bad joke.
I’m putting my $ on the Yeti. Bummels bounce. No problem with the Physical Cliff. At least that’s how I hear it with the idiot C-SPAN callers. Lol.
The problem is not all families with the same income, would be paying the same taxes.
I don’t know much about the French tax system — but, it sounds like they don’t allow income splitting. (Neither does Canada — yet.) Without income splitting, households where one spouse earns a lot more than the other, pay much more taxes than a household with the same total income, and two (more or less) equal incomes for tax purposes.
The winner is: Yeti!
Worst part is, I can hear Howard Cosell sayng that in his distinctive way.
Lol. Were showing our age. Down goes Yeti!! Down goes Yeti!!
Had the 75% tax hit everyone of the same income level equally, it would have been allowed. The judges have no problem with confiscatory tax rates, they just found the current version of the law to be unequally applied.
Can we plead foreign (French) Law during the next rounds of Obamacare suits? Some of our legal fools might listen to that argument.