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French presidential candidate wants a 100% tax on the rich
Jean-Luc Melenchon, a far-left candidate backed by the French Communist Party, has said he would introduce a 100% tax on income above €400,000 (£428,800, $425,000). Currently, the top rate of income tax is 45% so a 100% rate would effectively cap earnings at €400,000. "I believe that there is a…
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