France Approves Millionaire Tax
Employers paying French citizens more than 1 million euros a year ($1.37 million) will have to pay a 75 percent tax for the next two years, France’s top constitutional court ruled on Sunday.
French Socialist President Hollande has increased taxes on rich corporations. Is the new tax too high? Will the wealthy flee France? Or will the two-year tax hike get the French economy back on track? Read the comments on this NPR article – it’s a worthwhile discussion.