Will Smith's Reaction to France's Proposed 75% Tax Rate

I wonder what the Honorable Philip Banks would think...



Alex Biles | May 14, 2012, 6:06 PM


As an ardent supporter of Barack Obama, Will Smith is fully behind the President's proposal to raise income taxes on high earners in the United States from 36 to 39 percent.

The Hollywood megastar enthusiastically preached the gospel of paying one's fair share of taxes in a French television interview this weekend. But when asked about his take on the tax policy of French president-elect François Hollande, Smith's was shocked silly by the suggestion of a 75 percent tax rate on those earning above €1 million annually.

At least he doesn't have to deal with the prospect of Jean-Luc Mélenchon, the French Communist Party candidate, whose 15 percent showing heavily influenced Hollande's platform in the second round of voting. Mélenchon ran on a promise to impose to marginal tax rate of 100 percent on those earning over €360,000 annually.

Watch Smith's reaction below:

[Author’s note: although it’s difficult to understand what Smith is saying because of all the crosstalk and the translation, his reaction at the 1:20 mark is unmistakable]:

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http://www.businessinsider.com/will...landes-proposed-tax-rate-2012-5#ixzz1uxnZ8jeX

 

Stephen King doesn’t think his taxes are high enough

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Now you might say, what are you doing up there? Aren’t you rich? The answer is: thank God, yes. Because I grew up poor. I lived in a family where my mother asked donated commodities from a Republican administration and got turned down. That’s where I came from. And you know what, as a rich person I pay 28% tax. What I want to ask you is why am I not paying 50%?

(Communist applause)