French President announces 75% tax on companies for salaries above 1m

BIV

I'm Biv Dick Black, the Over Poster.
Apr 22, 2002
79,201
27,690
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Seattle
#1
Holy fuckballs. Pay attention. This is the model the liberals look toward. Someday we can have the greatness of Europe.

French President announces 75% tax on companies for salaries above 1m
By NEOnline | March 28, 2013 - 9:21pm

French companies will pay a 75% tax on all salaries higher that one million Euros, the French President, Francois Hollande announced Thursday evening.

Mr. Hollande said that “the company will have a contribution to pay that will reach 75%. During these difficult times, can’t those that are at the top make an effort for 2 years? The company will thus become responsible”. “When the salary of a CEO reaches above one million Euros, the company will be taxed by 75%”, he explained
http://www.neurope.eu/article/frenc...-75-tax-companies-all-salaries-above-1m-euros
 

ruckstande

Posts mostly from the shitter.
Apr 2, 2005
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#2
So companies are to blame for governments lavish undeserved and unearned spending habits. Sounds fair. Better get that inkwell filled Pres, we's got some plagiarizing to do.
 

Begbie

Wackbag Generalissimo
Jul 21, 2003
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#4
Don't they already have a 75% income tax rate on millionaires??? Clear example of punishing success. If I'm on the Board of Directors of a major company and I want to reward the CEO for the incredible job he did, driving millions upon millions of dollars to the company...I can no longer reward him for the job he has done. Or I can, but there will ultimately be a limit on how much I can give him, which is pathetic. And when I'm paying him 999K Euros and in the following few years, he helps push a groundbreaking product that causes sales to soar even higher...well, I guess he's not going to see a dime more out of me.

Just look at how much money the French government wants to siphon out of the rich and the successful companies. If a French company has revenue of 500M Euros and is paying their CEO 5M Euros....the socialists come in and take what...375M Euros from the company and 3.7M Euros from the CEO? Holy fuckballs is right.
 

Neon

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#5
1. Are they only taxing any income over 1 million 75%? Otherwise someone making 600,000 would be making more money than someone making 1.1 million.

2. How much do you want to bet that this will have no significant effect on French tax revenue? Companies will either leave or tie up their money to avoid paying the full amount.
 

English Gent

Registered User
Feb 15, 2005
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#6
Holy fuckballs. Pay attention. This is the model the liberals look toward. Someday we can have the greatness of Europe.


http://www.neurope.eu/article/frenc...-75-tax-companies-all-salaries-above-1m-euros
Not really. France really represents the hard-left of Europe. Back in '07 we were looking to move there and set up a small hotel business. Three weeks in France put a stop to that. The place is virtually communist, for fuck's sake. On the other hand, most of Southern Europe, in particular, is in the shit now because its tax base is far too small and they spent way, way beyond their means. Basically, France isn't a great example. Nice country to live in, mind, but I'd NEVER set up a business there.
 

gleet

What's black and white and red all over?
Jul 24, 2005
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#7
Holy fuckballs. Pay attention. This is the model the liberals look toward. Someday we can have the greatness of Europe.
Been there, done that.

Declaring that the absence of recession is not tantamount to economic growth, the president proposed in 1963 to cut income taxes from a range of 20-91% to 14-65% He also proposed a cut in the corporate tax rate from 52% to 47%.
 
May 24, 2004
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#9

English Gent

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#11
Of course, the good news out of this is that France's wealthy elite has just packed up and moved to the UK. Thanks for the influx of money, Mr. Hollande!
 

Neon

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#12
Of course, the good news out of this is that France's wealthy elite has just packed up and moved to the UK. Thanks for the influx of money, Mr. Hollande!
Like I said, I am willing to bet that this will mark a decline in tax revenue, not an increase. The heavy hitters will just go elsewhere and then they won't be paying any taxes in France.
 

d0uche_n0zzle

**Negative_Creep**
Sep 15, 2004
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#13
Didn't England have a 90% tax rate in the 1960's?

Doesn't seem like a very smart or sensible way to maintain a healthy tax base.
 

lajikal

Registered User
Aug 6, 2009
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#16
99% is where I draw the line. I'd be like.. 'Hey buddy, that's enough'.
 
Dec 8, 2004
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#17
Here's an interesting old one from the UK:

Window Tax

Main article: Window Tax

When the united kingdom of Great Britain came into being on May 1, 1707, the window tax that had been introduced across England and Wales under the Act of Making Good the Deficiency of the Clipped Money in 1696,[2] continued. It had been designed to impose tax relative to the prosperity of the taxpayer, but without the controversy that then surrounded the idea of income tax. At that time, many people opposed income tax on principle because they believed that the disclosure of personal income represented an unacceptable governmental intrusion into private matters, and a potential threat to personal liberty.[3] In fact the first permanent British income tax was not introduced until 1842, and the issue remained intensely controversial well into the 20th century.[4]

When the window tax was introduced, it consisted of two parts: a flat-rate house tax of 2 shillings per house (comparable to £11.12 in 2013),[5] and a variable tax for the number of windows above ten windows. Properties with between ten and twenty windows paid a total of four shillings (comparable to £22.25 in 2013),[5] and those above twenty windows paid eight shillings (£44.5 as of 2013).
 

CougarHunter

Lying causes cat piss smell.
Mar 2, 2006
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#18
I look forward to hearing the fuck out of that song in about 2 weeks.