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

Discussion in 'Current Events' started by BIV, Mar 29, 2013.

  1. BIV

    BIV I'm Biv Dick Black, the Over Poster.

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    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
     
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  2. ruckstande

    ruckstande Posts mostly from the shitter.

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    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.
     
  3. d0uche_n0zzle

    d0uche_n0zzle **Negative_Creep**

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    What is the tax rate for those who make 999,999 Euro's?
     
  4. Begbie

    Begbie Wackbag Generalissimo

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    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.
     
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  5. Neon

    Neon ネオン
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    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.
     
  6. English Gent

    English Gent Registered User

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    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.
     
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  7. gleet

    gleet What's black and white and red all over?

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    Been there, done that.

     
  8. Party Rooster

    Party Rooster Unleash The Beast

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    Thanks Obama.
     
  9. SaltyDelights

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  10. stevethrower

    stevethrower Got Sig?

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  11. English Gent

    English Gent Registered User

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    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!
     
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  12. Neon

    Neon ネオン
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    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.
     
  13. d0uche_n0zzle

    d0uche_n0zzle **Negative_Creep**

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    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.
     
  14. mascan42

    mascan42 Registered User

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    95%, according to George Harrison.
     
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  15. d0uche_n0zzle

    d0uche_n0zzle **Negative_Creep**

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    Holy shit, 95% is insane.
     
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  16. lajikal

    lajikal Registered User

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    99% is where I draw the line. I'd be like.. 'Hey buddy, that's enough'.
     
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  17. stevethrower

    stevethrower Got Sig?

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    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).
     
  18. CougarHunter

    CougarHunter Lying causes cat piss smell.

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    I look forward to hearing the fuck out of that song in about 2 weeks.
     

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