Jean-Luc Melenchon, who has been endorsed by the French Communist Party, says he would introduce a 100% tax on income above €400,000 ($425,000), CNN reports.

Why €400,000? That's 20 times higher than France's average wage.

The top rate of income tax is currently 45%. Boosting that to 100% would effectively cap earnings at €400,000.

France already has some of the world's highest rates of income tax, and previous attempts to push them even higher have failed.

President Francois Hollande proposed a 75% top tax rate in 2012, but the proposal was rejected by the French courts.

High taxes have contributed to an exodus of millionaires from France. Around 10,000 millionaires left the country in 2015, followed by 12,000 last year, according to New World Wealth. Movie star Gerard Depardieu is among those who have ditched France over the issue.

Нашли ошибку в тексте? Выделите её мышкой и нажмите: Ctrl + Enter



Comments