151 France’s socialist far-left want to introduce a 90% TAX on anyone earning €400,000 or more per year....The staggering tax rate would leave those that earn €400,000 with just €40,000 while those earning €1M would be left with just €100,000.....🙄 (twitter.com) posted 59 days ago by purkiss80 59 days ago by purkiss80 +152 / -1 45 comments share 45 comments share save hide report block hide replies
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 ?