Well these are the tax tables for france.
| 1 Unit (=1 Adult household) | 2 Units (=2 Adults household) | 3 Units (=2 Adults + 1 child household) | 3.5 Units (=2 Adults + 2 child household) | 4 Units (=2 Adults + 3 child household) | Rate |
|---|---|---|---|---|---|
| Below €5,875 | Below €11,750 | Below €14,688 | Below €17,625 | Below €23,500 | 0% |
| From €5,875 to €11,720 | From €11,720 to €23,400 | From €14,688 to €29,300 | From €17,625 to €36,160 | From €23,500 to €46,880 | 5.5% |
| From €11,720 to €26,030 | From €23,440 to €52,060 | From €29,300 to €65,075 | From €35,160 to €78,090 | From €46,880 to €104,120 | 14% |
| From €26,030 to €69,783 | From €52,060 to €139,556 | From €65,075 to €174,448 | From €78,090 to €209,349 | From €104,120 to €279,132 | 30% |
| Beyond €69,783 | Beyond €139,556 | Beyond €174,448 | Beyond €209,132 | Beyond €279,132 | 41% |
| 1 Unit (=1 Adult household) | 2 Units (=2 Adults household) | 3 Units (=2 Adults + 1 child household) | 3.5 Units (=2 Adults + 2 child household) | 4 Units (=2 Adults + 3 child household) | Rate |
|---|---|---|---|---|---|
| From $193,000 to $1,280,000 | 45% | ||||
| Beyond $1,280,000 | 75% |
I wonder when they say beyond 1 million if you get taxed 75% flat rate on everything you earned or anything that you earn over that figure gets taxed at the 75% bracket.
As in Aus it is over a threshold:
| Taxable income | Tax on this income | Effective tax rate |
|---|---|---|
| 0 – $18,200 | Nil | 0% |
| $18,201 – $37,000 | 19c for each $1 over $18,200 | 0 – 9.7% |
| $37,001 – $80,000 | $3,572 plus 32.5c for each $1 over $37,000 | 9.7 – 21.9% |
| $80,001 – $180,000 | $17,547 plus 37c for each $1 over $80,000 | 21.9 – 30.3% |
| $180,001 and over | $54,547 plus 45c for each $1 over $180,000 | 30.3 – 44.9% |
Personally I feel taxes should be simplified so everyone pays an equal share as why shoudl you be penalised for developing yourself into a higher earner?
It really annoys me that I went through a university degree to get a better paying job only to be taxed higher lol. On top of that I have a education debt to pay off, which in real terms means loosing more money out of your weekly pay. No problems with the debt, but surely could be taxed lower so you can pay of that debt quicker as you have become a useful tool instead of a bludger in the countries tax system lol.
I would be more than happy if everyone paid say 40%-50% if the government could use that money wisely and invest in offering free public transport systems and medical services to all residents who pay tax.
