3 ms·
If 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 aro
by addcommitpush 3y ago
If 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.