the French income tax rate increases

[opebo]

'Slack off a bit'?  You imagine that such people every do any toils at all?  What a fantasy!  They idly collect exactions from the working classes they control.

But I agree it is quite possible they will try to do their exploitation more by remote control from Monaco or Andorra, if they can't be stopped.

[opebo]

   I'd like to see a breakdown of income sources for those making one million or more per year.   In the US, earned income is a pretty substantial source of income for the top 1%, not just investment income.  Its the earned income portion in France that I'd guess will go down significantly if one saw a jump from 45% to 75% over a certain level.  The highest level now is 40% but Holland also proposes a raise of 40 to 45% and then the new rate of 75% above a million.

Nonsense.  What someone labels their income as at that this grand level is entirely up to the lord or lady in question.

[opebo]

Set salaries at 999,999.99

Yes, please start with mine...

[opebo]

I don't see why people are jumping to the conclusion that phnk doens't understand progressive taxation - nothing in his post implied this.  He's just saying - don't pay people more than 1 million euros and they won't face the 75% incremental rate.  It is an admirable suggestion, though I can think of a better solution.