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That's great, but with tax rates of 75-100% for the rich I have a hard time believing they'll attract a lot of serious entrepreneurs.
by samolang 13y ago
That's great, but with tax rates of 75-100% for the rich I have a hard time believing they'll attract a lot of serious entrepreneurs.
- aktiur 13y agoHere's what three researchers actually found regarding real tax rates in France two years ago : http://www.revolution-fiscale.fr/img/g1-1.pdf http://www.revolution-fiscale.fr/img/g1-1.pdf If you cannot understand French : on the horizontal axis you got the income percentile, and the real tax rate on the vertical axis. The real tax rates may seem high, but they are pretty average for Europe. The nominal tax rate is not enough to gauge the real tax pressure. The French system is well known for having many "tax niches" (as we call the tax loopholes) The three researchers are Camille Landais (Stanford Institute for Economic Policy Research), Thomas Piketty (Paris school of Economics) and Emmanuel Saez (Berkeley). Edited to correct : wealth percentage --> income percentile
- vmarsy 13y agoI'm not sure there's a lot of entrepreneurs starting with an income greater than a million € though!
- samolang 13y agoNobody starts a company for the initial salary.
- mercurial 13y agoCue trickle-down economics...