Cryptocurrency Q&A
What is the 75% tax in France?
What is the 75% tax in France?
SumoPowerful
Sat Jun 08 2024
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6 answers
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Could you please elaborate on the 75% tax in France? I'm curious to know what this tax specifically refers to, and who is subject to it? Is it a tax on income, capital gains, or perhaps something else? Also, what is the threshold or criteria for being taxed at this rate? Are there any exemptions or deductions that could affect the final tax bill? Lastly, how does this tax compare to other taxes in France or internationally? I'd appreciate it if you could provide some clarity on these points.
6 answers
Stardust
Mon Jun 10 2024
François Hollande's proposed tax, often referred to as the 75% tax, is actually a misnomer. In reality, it represents an additional employer contribution of 50%. This additional levy is aimed at high-income earners as a means of fiscal redistribution.
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CryptoPioneer
Sun Jun 09 2024
The true impact of this tax becomes clearer when considering the existing social security charges already applicable. When these charges are taken into account, the overall tax burden on affected individuals rises significantly.
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Martina
Sun Jun 09 2024
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Dario
Sun Jun 09 2024
The 50% employer contribution is intended to supplement the income tax paid by individuals, effectively increasing the total tax burden on high earners. This measure is designed to address income inequality and redistribute wealth.
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Carolina
Sun Jun 09 2024
It's important to note that the 75% figure is often misinterpreted as the entire tax rate, which is not the case. Instead, it represents the combined effect of the additional employer contribution and existing social security charges.
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