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From: bentway	12/29/2013 10:02:55 PM
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France Gets Its Millionaires Tax CONSTITUTIONAL COUNCIL FINDS REVISED 50% TAX IS CONSTITUTIONAL By Polly Davis Doig, Newser Staff newser.com Posted Dec 29, 2013 8:28 AM CST (NEWSER) – Francois Hollande finally got his millionaires tax today, with France's Constitutional Council clearing the way for the president's much-debated move to level the playing field for the middle class, reports Reuters. Hollande's tax was originally a 75% tax on income over $1.38 million; the council ruled that was unconstitutional, forcing Hollande to revise it into its present form—a 50% tax on income exceeding $1.38 million that is paid by the employer, notes the AP. The revision has not sat well with business owners.

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