France elects socialist president, 1M+ euro income = 75% tax??

The big earners always find a way to pay less tax. An advertised tax figure of 75% over 2 million sounds great to the majority so it makes sense to suggest it
 
This is definitely not as bad as what the EU are trying to do... they're trying to get the UK to give full british pensions to migrants that have never worked in the UK. So you can move here from a country in the EU that doesn't have a great wage or pension scheme without having to get a job and earn £120 or so a week for nothing... alongside all of the housing benefits etc. Absolute scandal, if the EU force this on the UK it's going to be a disaster.

EDIT: http://www.express.co.uk/posts/view/258449/EU-migrants-to-get-British-pensions - here's a link
 
UK needs to get out of the EU now. We've been getting fucked about by those twats in Brussels for years and it's been of very little, if any benefit to us.
 
I was hoping some guys from France would chime in here. Thanks LeSedna.

+1, European politics = complicated politics. When you start looking at regionalism and culture, things get crazy. I'm starting to study former Soviet satellite states, Ukraine, Belarus, etc. Insanely depressing. Why did these guys choose not to get in on the EU?


The big earners always find a way to pay less tax. An advertised tax figure of 75% over 2 million sounds great to the majority so it makes sense to suggest it

Also this.
 
Quote:
"Originally Posted by Genius Gone Insane View Post
The way I look at it, this new guy just saved all the rich French folks from decapitation."

LOL !

Ok, good, well at least someone gets what I'm talking about.

This is exactly why I'm laughing at all the rich Americans who are trying to reduce taxes. They'll be thankful they got taxed so much when they realize that it saved them from being beheaded by pissed off 99%ers.

I'm not even kidding. Either you see it or you don't right now. It's clearly obvious to me. If something doesn't change in the next 10 years, you'll see heads roll in the USA. That's why I'm happily not rich right now.
 
This part of his program is the one people talk the most about, because they are directly concerned in a very short term (taxes are yearly here so it's gonna concern then by the end of the fiscal year) but the actual titanesque effort is gonna be getting france back in rails again (which is : start reducing the debt, and get over 2% of growth or something like that, and reduce unemployment, the usual suspects) because THAT is the thing that is gonna change our life in the long term. Not that we are gonna be taxed a bit more here or there.

If you read the french news here you get so many different versions, it's really ridiculous. For some of them, Hollande meeting Merkel is gonna divide by zero and France is gonna collapse in 6 months. For others, they have already agreed in working together eventhough Merkel was obviously into keeping Sarkozy as the head of state because they worked so much together. For some, Wall Street is waiting for some action because the current kinda stability of the Euro avoids too much speculation and risk taking (and as a result bigger potential for profit) and is in the starting blocks for some movement, for others things are actually not as bad as people say they are gonna be (there are some people who still think socialism is the same as 50 years ago and that Holland is gonna take from the rich and give to the poor and make france dive into its end because 52% of voting people are just lazy assisted bastards). Our culture is still very much into the cliché that being left winged is supporting assisted people and hating your boss, and being right winged is being Daddy's boy wearing a rollex and going to work in a Porsche car.
 
Didn't you guys know, every rich person in Europe lives in Switzerland or Monaco so they don't have to worry about silly taxes (just look where all those former football, F1 or NHL etc. stars spend their retirement years).
 
^
Except that French people in Monaco have to pay French taxes (its a principalty but has close relations with france) but other than that yeah, they just and simply don't have to pay any income tax there, because there aren't
 
UK needs to get out of the EU now. We've been getting fucked about by those twats in Brussels for years and it's been of very little, if any benefit to us.

Always fucked about haha, but if we leave we'll probably lose a lot of links... think trading etc. But still wtf giving migrants pensions for nothing is retarded.
 
Always fucked about haha, but if we leave we'll probably lose a lot of links... think trading etc. But still wtf giving migrants pensions for nothing is retarded.

Migrant pensions are completely irrelevant compared to the importance of reliable long term trade links.

I see it like this: The idea is to slowly break down national boundaries, meaning that claiming a state pension in a different nation is like claiming a pension in a different county.
 
Didn't you guys know, every rich person in Europe lives in Switzerland or Monaco so they don't have to worry about silly taxes (just look where all those former football, F1 or NHL etc. stars spend their retirement years).
In the US, if you have acquired wealth you only pay taxes on the interest it earns. If I have $1 million in the bank at 5% and no job I'd pay the same tax as someone who made $50k at work.
How does it work in Europe?
 
In the US, if you have acquired wealth you only pay taxes on the interest it earns. If I have $1 million in the bank at 5% and no job I'd pay the same tax as someone who made $50k at work.
How does it work in Europe?

There's no direct wealth tax in the UK. I don't anywhere else in europe has one either. So we're similar in that regard. However, seeing as most very wealthy people have quite a bit of their money invested more aggressively than just in the bank, they will pay capital gains on any improvement in their investments, which will be different (and probably less, max 28% as far as i know)
 
I think you'd actually pay less in aggregate since you wouldn't have to take a chunk for SS and Medicare. That only applies to payrolled income IIRC.

In the US, if you have acquired wealth you only pay taxes on the interest it earns. If I have $1 million in the bank at 5% and no job I'd pay the same tax as someone who made $50k at work.
How does it work in Europe?