French Tax Rates Take the Cake

Posted on May 20, 2013

France’s government has recorded taxing over 8,000 French households more than 100% of their income.

This is the result of an attempt to “offset the cost of a rebate scheme and taxation cap” that was implemented by former President Nikolas Sarkozy. Their new “tax the rich” plan may end up bad for them, read the full article on Yahoo! Finance

http://finance.yahoo.com/news/thousands-french-households-taxed-over-062530348.html