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In reply to the discussion: French 75% income tax struck down by constitutional council [View all]MADem
(135,425 posts)establishing separate domiciles for tax purposes while continuing to operate as a family unit for all intents and purposes?
I don't think that's a solution either--I can't see people saying "Oh, well, then! Nothing to be done!"
I also think that people can live in the same "household" and live separate lives. So three or five or seven roommates have a combined income that is over the limit--are they obligated to pay a higher tax because they share the rent bill?
I also think the rate sounds onerous. If a tenant farmer were required to give 75% of his crops to the Lord of the Manor, we'd call that guy a serf, if not a slave. I will admit I don't know squat about the French tax code, if there are deductions and exemptions and tricks that make 75% turn into something considerably less than that in actual fact, but it just sounds like a lot of dough.
Now, I don't like the fact that the 1 percent don't pay taxes; I find these Warren Buffet scenarios infuriating. I think there need to be fewer, not more, exemptions the wealthier one gets--if that were the case, perhaps there wouldn't be any need for tax rates that "sound" usurious (even if they might not be in actual fact).