in other news, the french hav lost their mind....75% tax on ppl who make more than 1 million euiro

[plastic james]

a year.......which is about £800k

meaning if you make more than £65k a month....you will be left with £20k

how can this happen in a democratic state? 75% of your money will be taken force......how is that different from the Soviet union?

[Snin]

[Luis Anaconda]

Jesus wept

Still I agree it is a bit silly on the surface though of course people will always find ways round it or just move abroad. The clever accountants are in the pay of the rich not the treasury. Loopholes ahoy

[Brentwood]

[Peter]

That would be 80% http://www.awimb.com/images/smiley_icons/smile.gif

So, just saved 50 grand. Quids in http://www.awimb.com/images/smiley_icons/homer.gif

Asking me to feel sorry for someone with that much money is bad enough. But they are also bloody french.

[Steve Williams - gay for Mark Knopfler]

The sums are all wrong as has been already suggested.

[Luis Anaconda]

it is JP though

[plastic james]

[Peter]

Other errors are notmy concern. They are the right and proper concern of the French.

[plastic james]

i read it somewhere 10 years ago...i dont remember the figure....but i remember it was very similar to this

[redgunamo]

[Peter]

[Peter]

[The Tony]

[plastic james]

beyond this fairly low level....or most of it will be taken away

[Snin]

wages, invest co. into other areas and avoid the tax imo

[Steve Williams - gay for Mark Knopfler]

As with other taxation schemes there will be bands and the highest rate would only be payable only on earnings above a ceiling level.

It's a bit f**king stupid to think a ¤1m earner is only going to take home a quarter of it, French or not.

[plastic james]

[Peter]

So at a particular rate?

[Snin]

[Snin]

[Steve Williams - gay for Mark Knopfler]

The Goverment asked people to voluntarily sign up for it.

That went well.

http://www.awimb.com/images/smiley_icons/homer.gif

[plastic james]

[Peter]

[barrybueno]

f**king ****s

[Snin]

[Steve Williams - gay for Mark Knopfler]

[Selkey - Wenger's hairpiece is a masterstroke]

http://www.awimb.com/images/smiley_icons/bow.gif

[Peter]

A few, at least.

Imagine that http://www.awimb.com/images/smiley_icons/homer.gif

[plastic james]

ok..that makes it a little bit better....but its still an insane decision...do you know what this ceiling level is?

[Steve Williams - gay for Mark Knopfler]

It was a small amount and we are in general an honest nation.

[Peter]

Less than half???? More than one is a miracle

[Steve Williams - gay for Mark Knopfler]

No idea what you pay up to that rate.

Still a bit ****. PSG won't be too pleased with this.

[plastic james]

but i could live with 30% to help the poor and create s stable society....but 75% is ridicules

[Steve Williams - gay for Mark Knopfler]

[Peter]

And Is it reallyimmoral to help the poor and create a stable society?

Pretty ridiculous statement to make in the first place in theabsence of any reference to where the money is going.

[Steve Williams - gay for Mark Knopfler]

PAYE.

I can tell you are enthralled so I will keep you up to date as and when I know more.

[wibble the lobster]

surely this isn't actually happening - every well paid professional will leave france.

[plastic james]

one thing most Europen countries do not do....is tax transnational companies....enough.

they should heavily tax companies that settle in Asia....produce on the cheap over there and make money from us.....rather than tax small businesses to death.

give tax breaks to domestic companies....and heavy taxes on multinational companies....this is the way forward imo....but for some reason politicians are scared of making such decisions...its easier to increase tax on the domestic working man

[Peter]

You can see their thinking.

[Peter]

The poor downtrodden wretch

[Steve Williams - gay for Mark Knopfler]

"they should heavily tax companies that settle in Asia"

Not specifically Asia you understand, just abroad in general.

I always the concept of moving production to these places was to take advantage of huge savings in costs other than simplt taxation.

[Peter]

I must make sure i dont get plastered and accidentally buy property

[redgunamo]

Giving more money and power to those *******s is treason against mankind.

Just goes to show how much I know about morals, I suppose http://www.awimb.com/images/smiley_icons/smile.gif

[plastic james]

[Peter]

[Luis Anaconda]

who controlled every aspect of their lives there didn't need to be

[Peter]

Ave you ever tried running an NHS?

It doesnt look like fun to me.

[plastic james]

you're right its a coast saving move....but heavy taxation on these multinationals would force them to bring back production and kick start the faltering domestic economies in Europe

[redgunamo]

[plastic james]

and you will get wages....wow

[plastic james]

which is why we started democracy as a mode of governing ....

[Luis Anaconda]

still some people in parts of Russia who would be happy to go back to that

[redgunamo]

[Alexism - Atheoist]

For the society as a whole, taking into account the "lost" work from rich people who don't have the incentive to do whatever to earn more money for themselves.

The numbers show that society is stronger with more people at the middle than a few really rich at the top. Marginal tax rates like this just create the structure for this to happen.

[Alexism - Atheoist]

in the business through R&D, worker training, upgrading capital equipment etc. Here in America, post Regan's slashing of taxes on high-end, we saw skyrocketing executive pay - which was money that previously went back into the business, leaving the business to line individual's pockets.