Ooh la la! As Twitchy reported on Saturday, Sen. Cruz issued a call to abolish the IRS in the wake of the IRS scandal.
He also tweeted out a bit of “good” news this morning.
The newspaper said that the exceptionally high level of taxation was due to a one-off levy last year on 2011 incomes for households with assets of more than 1.3 million euros ($1.67 million).
President Francois Hollande’s Socialist government imposed the tax surcharge last year, shortly after taking office, to offset the impact of a rebate scheme created by its conservative predecessor to cap an individual’s overall taxation at 50 percent of income.
At least we are not France. Yet. So there’s that?
Silver lining … for now. Forward!