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In reply to the discussion: French 75% income tax struck down by constitutional council [View all]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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Not surprised - the wealthy no longer have loyalty to any one country. Sad but true.
AnnieK401
Dec 2012
#5
What's to stop those two people from separating for the sake of saving money on taxes, and
MADem
Dec 2012
#27
Would it benefit people to claim to live separately (without divorce) to avoid tax consequences? nt
MADem
Dec 2012
#32
But the foundations fund their priorities - so the funds never reach the treasury. One man's
24601
Dec 2012
#23