4 ms·
Still, the untaxed 100K threshold is quite low, it's a shame that a lifetime of work is so heavily taxed. Especially given how the government is spending it...
by gwervc 3y ago
Still, the untaxed 100K threshold is quite low, it's a shame that a lifetime of work is so heavily taxed. Especially given how the government is spending it...
My personal theory about this high inheritance tax is that it's real purpose is to keep people in a slave-like state in respect to big corporations and the state itself. Having too many people escape the rat race and thus having time to think for themselves or freedom to go elsewhere is seen as a real danger for those in power.
- addcommitpush 3y agoIf you look at the effective inheritance tax rate (ie tax paid on actual money flow from dead people to inheritors), even the top 0.1% of all inheritance is around a 10% rate. See figure 2 in https://www.cae-eco.fr/staticfiles/pdf/cae-note069s.pdf https://www.cae-eco.fr/staticfiles/pdf/cae-note069s.pdf. Note the the nominal tax rate is around 30% - the difference is because a lot of stuff is not taxed, or partially taxed. I think the issue is that French inheritance taxation has both a very high facial rate and massive amounts of exemptions / loopholes. People that think they can grok the fiscal system in a few minutes look at the high nominal rates , not the loopholes.