Fascinating sleight of hand by the BBC here, picked up by an eagle eyed BBC contributor;
“Whilst the BBC ignores a big story from Germany making serious criticisms of the legality of Europe’s bailout schemes the BBC are headlining a story from France that the ‘Rich’ are being taxed more to pay for the deficit….a whole 3% more. What the good old Beeb miss out is what the rate was before that addition…..41%, making a total of 44%…..still 6% below what the highest earners pay here. I wonder why the BBC would miss out that telling figure?
“When the public finances deficit and the prospects of a worsening state debt threaten the future of France and Europe and when the government is asking everybody for solidarity, it seems necessary for us to contribute.”
French Income tax bands 2011….
Up to €5,963 0%
Between €5,964 – €11,896 5.5%
Between €11,897 – €26,420 14%
Between €26,421 – €70,830 30%
Above €70,830 41%