Potential French Tax Plan
Potential proposed tax policy by France's leftist alliance, the New Popular Front, which intends to raise the top marginal income tax rate to 90% if they win the legislative elections.
Eric Coquerel, a member of the far-left France Unbowed party, mentioned in a Cnews interview that the alliance would push for a 90% top marginal income tax rate.
The 90% rate apply to taxable income over €411,683 ($440,213).
Currently, the top income tax rate in France is 45% on income over €177,106.
This is a scary amt of tax. Who would stay?