Richest Man in France Seeks Belgian Citizenship

[Player2]

SamuelRSmith said:

Player2 said:

@SamuelRSmith: This doesn't apply to capital gains, only to wages and bonuses.

For couples the household income must surpass two million euros for the 75% tax to apply.

People that earn over 1 million euros doesn't pay 75% of their income. It doesn't work that way. It applies only to each euro over 1M.

Example: Somebody who earns 1.4 million euros would pay 35%*1M (I don't know the "normal" french tax rate so I'm using 35%) + 75%*0.4M. He (or she) will pay 650K euros and keep 750K euros.

Hollande claims that this will last two years (We'll see).

I didn't claim it did apply to capital gains?

When nuckles claimed that 75% was done before in America, you said that capital gains was only 25%. It seems that France is going to do the same.