A claim being shared on social media that the new French government plans to introduce a 90% tax on income above €400,000 is missing important context.
The post, shared more than 3,900 times on X (formerly known as Twitter) and also circulating on Facebook, says: “French government calls for a new 90% tax on any annual income above €400,000. 90%.”
A 90% tax on income above €400,000 (currently about £338,000) is part of a proposed income tax scale with 14 brackets, a policy of the France Unbowed party (La France Insoumise), which is part of the New Popular Front, a left-wing coalition of parties in France.
The New Popular Front won the most seats—182—in the second round of the National Assembly elections, which took place on 7 July.
However, while the New…
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