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French side do weeks not days like Americans. That is why French can't compete with the rest of EU. If you think Americam boomers bad, ENTIRE France is a glorif
by oneTbrain23 3y ago
French side do weeks not days like Americans. That is why French can't compete with the rest of EU. If you think Americam boomers bad, ENTIRE France is a glorified boomers on steroid. To be fair their income tax rate is 70%. So work hard? Reagan once forgo the other half of the year of work once he max his marginal tax rate.
- pythux 3y agoIncome tax rate is far from 70% (not sure if this was second degree or not). Up to €10,777 = 0% From €10,778 to €27,478 = 11% From €27,479 to €78,570 = 30% From €78,571 to €168,994 = 41% More than €168,994 = 45% https://www.service-public.fr/particuliers/vosdroits/F1419?lang=en https://www.service-public.fr/particuliers/vosdroits/F1419?l...
- yodsanklai 3y agoYou need to add "cotisations sociales" (not tax per se, social security and such), which is I believe a 22% flat tax. So that would make 67% for the last bracket. But there are other differences. For instance, if you're married or/and have kids, you can have important benefits. Also RSUs are taxed differently. Overall, tax is high in France, but not that different from other countries. Even in the US, certain places like NYC are heavily taxed. And you also need to see what tax gives you. I don't mind to pay tax if that gives me (and everybody else living here) access to healthcare, security, education or a decent future pension. Now whether France still provide these things is up to debate.