Indigestion for ‘les Riches’ in a Plan for Higher Taxes

[LowDown]

New York Times: Indigestion for ‘les Riches’ in a Plan for Higher Taxes

[French] President François Hollande is vowing to impose a 75 percent tax on the portion of anyone’s income above a million euros ($1.24 million) a year...

...“We’re getting a lot of calls from high earners who are asking whether they should get out of France,” said Mr. Grandil, a partner at Altexis, which specializes in tax matters for corporations and the wealthy. “Even young, dynamic people pulling in 200,000 euros are wondering whether to remain in a country where making money is not considered a good thing.”

Rich people are moving targets.

 

[jamesrage]

New York Times: Indigestion for ‘les Riches’ in a Plan for Higher Taxes



Rich people are moving targets.

The Title should be "French president begs and pleads with other countries to take their rich."