The "tell" for this article is that there's no comparison with the current tax policy in France. The top tax bracket in France is 41% right now. Hollande's proposal raises this to 50%--an extra 9 euros out of every 100 earned over a million.
Also, I certainly hope that people here understand how marginal tax rates work...
In my experience, even very intelligent people frequently don't know how marginal tax rates work. It's astonishing. American political discourse is generally based on the implied assumption that tax rates are not marginal.
Comments
The "tell" for this article is that there's no comparison with the current tax policy in France. The top tax bracket in France is 41% right now. Hollande's proposal raises this to 50%--an extra 9 euros out of every 100 earned over a million.
Also, I certainly hope that people here understand how marginal tax rates work...
In my experience, even very intelligent people frequently don't know how marginal tax rates work. It's astonishing. American political discourse is generally based on the implied assumption that tax rates are not marginal.