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Igel

(35,268 posts)

20. Nope.

Reply to sabbat hunter (Reply #6)

Sat Dec 29, 2012, 04:12 PM

Dec 2012

It's meant to fine high-earners. Sort of class-warfare/populist rhetoric.

If you make a million euros, you pay the tax. If you're married and your combined income is 1 million, you wouldn't.

Exactly how it plays out depends on how they revise it. Is it 2 million on a couple? Then if you make 1.1 million and your SO makes 900k your household pays as though it were two 1 million-euro owners. Not what the rhetoric aimed at.

It's likely not to hit as many "high income earners". It'll affect families less than individuals.

Individuals are the ones more easily able to pick up and move when faced with punitive rates.

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Highlight:

French 75% income tax struck down by constitutional council [View all] dipsydoodle Dec 2012 OP

... xchrom Dec 2012 #1

don't be fooled by the headline sabbat hunter Dec 2012 #7

91 percent: Top US tax rate in 1963 tecelote Dec 2012 #2

At that time dipsydoodle Dec 2012 #4

Have you ever seen an armored truck following a hearse? dotymed Dec 2012 #9

Democratic socialism, pray for it. xtraxritical Dec 2012 #12

Well done...Thanks. russspeakeasy Dec 2012 #22

Oh for the good old days! marshall Dec 2012 #21

What percentage of the workforce earned enough to be taxed at 91%? Flatulo Jan 2013 #36

Damn fools. aquart Dec 2012 #3

Not surprised - the wealthy no longer have loyalty to any one country. Sad but true. AnnieK401 Dec 2012 #5

well according to the article sabbat hunter Dec 2012 #6

that would be fine -- let's hope they stick with that. nt xchrom Dec 2012 #8

Nope. Igel Dec 2012 #20

apparently all of France's income taxes sabbat hunter Dec 2012 #26

What's to stop those two people from separating for the sake of saving money on taxes, and MADem Dec 2012 #27

it is a marginal tax rate sabbat hunter Dec 2012 #28

It's still problematic, I think. In terms of perception, anyway! MADem Dec 2012 #29

Not living togther or roommates whatever dipsydoodle Dec 2012 #31

Would it benefit people to claim to live separately (without divorce) to avoid tax consequences? nt MADem Dec 2012 #32

Not sure dipsydoodle Dec 2012 #33

I can see where the construct might not be well taken by some. MADem Dec 2012 #34

That makes sense.... nt Blasphemer Dec 2012 #30

75% is way to high samsingh Dec 2012 #10

Until you take into account all the ways to avoid paying taxes on $1 million. DCKit Dec 2012 #11

No it isn't. You're assuming it's 75% on every Euro which it isn't. PSPS Dec 2012 #14

Yes dipsydoodle Dec 2012 #15

Many, many super wealthy people have created altruistic foundations. xtraxritical Dec 2012 #13

But the foundations fund their priorities - so the funds never reach the treasury. One man's 24601 Dec 2012 #23

IMO, that is obvious when you look at the works that these "altruistic" dotymed Dec 2012 #25

This would be the perfect outcome for Hollande. Nye Bevan Dec 2012 #16

Wait, so you would forcibly prevent people from leaving the country? Flatulo Jan 2013 #35

Hollande's bargaining chip.. nlkennedy Dec 2012 #17

Yes, THAT'S how you negotiate Lydia Leftcoast Dec 2012 #18

Top rate in the UK is 45%, and under EU rules, the French are perfectly free to move to the UK, Nye Bevan Dec 2012 #19

Oh, well. Massive fail. Zax2me Dec 2012 #24