Discussion in 'The Bar' started by SIPAWITZ, Aug 8, 2012.
johnny deep is moving back to the USA
the Beatles said it best: "That's 1 for you, 19 for me, Taxman!"
there really was a 95% tax on music royalties. 95%
That's why they can't afford to bathe daily.
Doesn't reach that rate till over €1 million per year, if the law is passed.
Income tax rates and Thresholds
Income Threshold Tax rate
Up to €6,088 0%
Between €6,089 - €12,146 5,5%
Between €12,147 - €26,975 14%
Between €26,976 - €72,317 30%
Above €72,317 41%
“We’re getting a lot of calls from high earners who are asking whether they should get out of France,” said Mr. Grandil, a partner at Altexis, which specializes in tax matters for corporations and the wealthy. “Even young, dynamic people pulling in 200,000 euros are wondering whether to remain in a country where making money is not considered a good thing.”
1.24 to be exact
still WAY too high
In addition, those fortunate few with an annual income (including income from capital) of between €250,000 and €500,000 are liable for a special tax (taxe sur les hauts revenus) of 3% on income between this range, while those with an income above €500,000 will pay at the rate of 4% on any income above the threshold. The tax is imposed on net income, after determination of the tax liability under the standard scale rates.
I pay the same rate crazy cabbie does.
Where's the source on this? Seems a bit off.
NYT biz section
OMG Sip is bragging about his wealth again
President FranÃ§ois Hollande is vowing to impose a 75 percent tax on the portion of anyone’s income above a million euros ($1.24 million) a year. “Should I be preparing to leave the country?” the executive asked Mr. Grandil.
And they are saying it would be temporary to balance the budget
rich people don't make money, they take money, and can defer it until more a more advantageous time
rich people are already rich, and do not rely in an income stream
i was going to mention this..."declare the pennies on your eyes"