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A comment on French Entrepreneurs Revolt. Parent comment

Re:French Entrepreneurs Revolt by twoodfin on Tuesday October 09, 2012 @07:58AM (#4631015)
That the VAT taxes consumption, something the rich do proportionally less of, is not a "loophole". It's fundamental to the design of the tax.
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Re:French Entrepreneurs Revolt by loup-vaillant on Tuesday October 09, 2012 @09:55AM (#4631480)
Good point.

It doesn't explain everything however: The top 2% (or is it 0.2%?) pay less than 10% taxes. Direct income tax alone is supposed to approach 50% for those incomes.

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