If one is very careful, clip coupons, do not eat out or drive, cancel your insurance and never give to charities, and beg on a good street corner where the politicians walk by everyday, you could maybe make it a week or 10 days in Paris on 40 to 100 thousand euros. You would of course have to let one of your three mistresses go. Dump the plump one, she would eat the most. Anyone who is interested in more of my French how to live will on a budget send me 1 euro and I will mail you a pamphlet with all my secrets.
1 Euro? I ain't got that kind of money. In this economy?! I just had to pay for a funeral of someone else's family member because they got stabbed by an envoy of peace!
People with skills are in demand. It's been my experience people tend to stay with what they're familiar with, but if pushed hard enough, they will leave their comfort zone looking for greener pastures. If the communists succeed in jacking the rate to 90%, the brain-drain will truly be a sight to behold.
Personally, if Argentina keeps up the good work, I can see a second immigration wave heading their way.
Keep in mind this tax policy is not meant as a tax on "the rich." It's to prevent regular citizens who've broken out of the wage-slave and debt-slave system from climbing higher into the elite's territory.
There's a huge difference between elites and anyone earning a half mil.
Pretty sure that's "anything above 400k will be taxed 90%", anything below that has different brackets. Well, I guess a lot of companies will move now. Hey, LVMH, come to the Netherlands.
Marginal rate.
whatever it is on the first 400k, say 45% (it's france) and then 90% on the remaining. So someone on 1M would pay 180k on that first 400k and then 540k on the remaining 600k.
Their total tax would be 730k leaving them with 270k which is an effective rate of 73%
England used to have a 83% marginal rate, long ago, Margaret Thatcher reduced it to 60% 1979, then later to 40% 1988
There were other taxes too that made tax for the wealthy as high as 98% pre-Thatcher.
It tends to reduce the actual receipts for government however, because people invent endless schemes to avoid having technical "income" - sham charities, starting new businesses that disburse at the lower rate to confederates, offshoring, fiddling books, cash withdrawals etc etc
In the US at least there are other income options. Earned income (i.e., employee - or slave - income, the way most of us slaves earn money) is taxed at the greatest rates. That includes the self-employed.
Passive (i.e., rental properties, intellectual properties, owning but not managing a business, etc.) and portfolio (i.e., stocks, bonds, crypto, etc.) incomes are taxed at much lower rates. They are also more easily offset with things like depreciation and debt.
And those who are over that threshold will just adjust how "income" is reported, so that they are below the threshold. Or, they will just hold off on showing any income until this leftist madness ends. Since much of the income is from companies that hire people and produce things, it will just ripple down to MANY people. Stupid leftists!
Sorry, but that is not how taxes work. The 90% would be for any money earned over 400k. It would be a progressive tax as all taxes are applied.
PS: Taxation is theft anyways.
Why would I want the stress of earning more if I can do less like everyone else?
What would I want my business or talents to be in France?
Why would I want to invest in France knowing there's going to be a ceiling in competitive pay and attracting international talent?
Who is John Gault ?
""Progressive"", as in sooner or later, it is applied to Everyone....
That's all there is to how that works....
That's true but I wouldn't be surprised if they slid further to a true 90% of income.
Why not just take 100%? That way they are total slaves.
If one is very careful, clip coupons, do not eat out or drive, cancel your insurance and never give to charities, and beg on a good street corner where the politicians walk by everyday, you could maybe make it a week or 10 days in Paris on 40 to 100 thousand euros. You would of course have to let one of your three mistresses go. Dump the plump one, she would eat the most. Anyone who is interested in more of my French how to live will on a budget send me 1 euro and I will mail you a pamphlet with all my secrets.
1 Euro? I ain't got that kind of money. In this economy?! I just had to pay for a funeral of someone else's family member because they got stabbed by an envoy of peace!
I say do it. I can't wait to watch France being burnt to the ground by its own people.
Wouldn't be the first time.
That's exactly what is needed...
I left 27 years ago lest I would give up and even end almost liking these morons a bit.
That move has been tried before, and the people making that much $ just leave.
Right. If I made that much I’d leave 😂
just threatening that makes them move their assets out of the country.
Then treat them as terrorists.
TOO FUNNY, the White Hats are trying to wake EVERYONE up!
I feel like you would say “the white hats snatching people in the middle of the night is really a rescue mission don’t resist them!” When it happens
They do this because they know inflation will bring more and more people into that tax bracket on paper, even as they lose wealth.
Not too long ago, I read a man should:
People with skills are in demand. It's been my experience people tend to stay with what they're familiar with, but if pushed hard enough, they will leave their comfort zone looking for greener pastures. If the communists succeed in jacking the rate to 90%, the brain-drain will truly be a sight to behold.
Personally, if Argentina keeps up the good work, I can see a second immigration wave heading their way.
19th century immigration - Argentina
I was referring to advice on an expat site, but you have a point.
If only there was somewhere else to go that would pay me for sitting on my ass all day ...
Normal men have no hope of making money or living a good life.
Taxes are theft.
Keep in mind this tax policy is not meant as a tax on "the rich." It's to prevent regular citizens who've broken out of the wage-slave and debt-slave system from climbing higher into the elite's territory.
There's a huge difference between elites and anyone earning a half mil.
Pretty sure that's "anything above 400k will be taxed 90%", anything below that has different brackets. Well, I guess a lot of companies will move now. Hey, LVMH, come to the Netherlands.
The elites will never pay those rates. All the squawking is purely for the useful idiots.
They wouldn't anyway. They don't earn income, they just borrow debt against the value of their assets
Or they'd simply leave and the regular lay person suffers regardless
The guy that makes 250,000 will earn more than those that make a million. This would only make sense if the elite were shielded with foundations.
Who is John Gault? Seems right.....
Marginal rate. whatever it is on the first 400k, say 45% (it's france) and then 90% on the remaining. So someone on 1M would pay 180k on that first 400k and then 540k on the remaining 600k. Their total tax would be 730k leaving them with 270k which is an effective rate of 73% England used to have a 83% marginal rate, long ago, Margaret Thatcher reduced it to 60% 1979, then later to 40% 1988 There were other taxes too that made tax for the wealthy as high as 98% pre-Thatcher.
It tends to reduce the actual receipts for government however, because people invent endless schemes to avoid having technical "income" - sham charities, starting new businesses that disburse at the lower rate to confederates, offshoring, fiddling books, cash withdrawals etc etc
In the US at least there are other income options. Earned income (i.e., employee - or slave - income, the way most of us slaves earn money) is taxed at the greatest rates. That includes the self-employed.
Passive (i.e., rental properties, intellectual properties, owning but not managing a business, etc.) and portfolio (i.e., stocks, bonds, crypto, etc.) incomes are taxed at much lower rates. They are also more easily offset with things like depreciation and debt.
Stolen elections have consequences.
Time to move to Switzerland.
What loopholes will the commies use to avoid it?
Lol what the fuck?
A good illustration of communism for those ignorant of the subject.
And those who are over that threshold will just adjust how "income" is reported, so that they are below the threshold. Or, they will just hold off on showing any income until this leftist madness ends. Since much of the income is from companies that hire people and produce things, it will just ripple down to MANY people. Stupid leftists!
then start taxing and reappropriating assests and homes.
Also Jean-Luc Mélenchon is Freemasons.
Good, fuck them, they can starve.
And may I ask, how much do these these non productive, career politician parasites earn?
Would it be more than €40k?
Are they really that stupid. It’s not even logical. Sounds like a negotiating tactic.