French 75% tax rate struck down

[Jimbuna]

Now there's a turn up for the books.

In these times of austerity I don't see why the wealthy should pay a larger amount than those at the opposite end of the wealth scale.

Mind you, 75% did sound a tad heavy.

France's constitutional council has struck down a top income tax rate of 75% introduced by Socialist President Francois Hollande.
Raising taxes for those earning more than 1m euros (£817,400) has been a flagship policy for Mr Hollande.
The policy angered France's business community and prompted some wealthy citizens to say they would emigrate.

http://www.bbc.co.uk/news/world-europe-20864114