Some gems from the article:
Quote:
The newspaper said that the exceptionally high level of taxation was due to a one-off levy last year on 2011
incomes for households with assets of more than 1.3 million euros ($1.67 million).
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Notice that says
assets, not salaries. Having 1.67 million in assets is not necessarily wealthy. My grandfather worked for the postal service most of his life and retired with more than that. He was very frugal. He would have been taxed as a "wealthy" person under this crazy system in France.
As would younger people with higher middle class incomes that were good savers and investors. Those are the people who would have ended up owing more than a year's salary most likely.
Quote:
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President Francois Hollande's Socialist government imposed the tax surcharge last year, shortly after taking office, to offset the impact of a rebate scheme created by its conservative predecessor to cap an individual's overall taxation at 50 percent of income.
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Can't have anyone creating some "scheme" that "allows" people "keep" half their income, can we? All money belongs to the government, and they are gracious enough to share some pittance of what we earn with us, right? Oh benevolent government, how lucky we are to have you to steal our money.
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