Discussion in 'Economics' started by nitro, May 20, 2013.
It is unthinkable to have taxes over 100%, even for the French. As per the article, maximum tax is 50%.
"households could take advantage of a "tax shield" introduced by Sarkozy to cap an individual's overall taxation at 50 percent of their income."
some of them vote with their feet already-
Sarkozy is gone along the tax shield - Al Quaeda and the wealthier french households all regret him.
2) France is a douche. :eek:
It's not only Depardieu, tax persecution has been pushing french away for a while already but Hollande has hastened the exodus with his threats of 75% income tax rate over 1million euros (that's on top of many other taxes).
Montebourg possibly gave the coup de grace when he threatened to nationalize some Arcelor Mittal factory.
it's not only french btw, I hear of wealthy foreign expats looking for brighter skies as well. Paris is probably best if you're Koweiti or Qatari, who don't get taxed on their worldwide income. There is a vague hope that one day Frogland will wake up to the fact that this tax exemption brings serious investment and money spent in France and will expand that rule to everyone. Very vague hope...
That was hilarious :
Amazing. Socialism is a parasite that will eventually destroy its host.
100% is not socialism, it is Communism.
Good point. Socialism is just a light version of Communism anyway, despite what leftists will try to tell you.
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