Kasz216 said:
thetonestarr said:
The vast majority of the super rich make the vast majority of their money through non-traditional methods, which are not typically taxable as income. This varies from country to country, but if it's 75%, it's obviously safe to assume that it works the same way in France as it does in most of the rest of the world.
A 75% tax rate on income =/= a 75% tax rate on money made.
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I don't actually believe it is a majority. If I recall, I believe it's about 33%. Unless that's just the rich i'm thinking of...
Either way. France's Capital Gains tax is a flat 35%.
This guy I believe is head of a luxuary goods buisness which he owns. He's like one of the top 5 richest guys in the world.
Hollande, has a 20 billion euro gap to close if he wants to hit his targets and keep to his stated parameters.
So really his tax plan could inlcude tax hikes on everything. Including an outright one time wealth tax on all french citizens over a certain amount of money.
So i wouldn't be surprised if all kinds of rich french people are spooked.
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That would be just the upper class in general.
SW-5120-1900-6153
