France’s Hollande Gets Court Approval for 75% Millionaire Tax

[PikaDaDon]

Look to France for political stability, brehs.

They on their 5th Republic right now

It appears they haven't learned anything from the French revolution. They're slowly moving back to the same totalitarian government under the guise of seemingly appealing socialist ideals.

Actors and Athletes gonna flee in a hurry

http://news.investors.com/ibd-editorials/102113-675998-french-leave-france-to-escape-high-taxes.htm

 

[Shogun]

It appears they haven't learned anything from the French revolution. They're slowly moving back to the same totalitarian government under the guise of seemingly appealing socialist ideals.

possibly...we'll see where they head this time with socialism Definitely don't have a good track record though.

 

[Type Username Here]

the US used to have a 90% tax rate for millionaires?

Yes and it worked great.

 

[tmonster]

Yes and it worked great.

correlation=/=causation

 

[DEAD7]

Looked into EU the EU tax system a bit and apparently, all of the EU tax systems 'individually', are based upon residence. If today you live in Lille then you pay French tax. If tomorrow you move to London then you are subject to UK tax laws, not those of France. You do not have to change citizenship, do not require a permit or permission to do this, you just buy a train ticket and 90 minutes or so later there you are. Free of the French tax system.
The European system goes further too. You cannot prevent someone from making this move. You may not charge them an exit tax, you may not insist that they liquidate and cough up before they go, crystallise capital gains or any of the other things that the US system demands. It is one of the most basic parts of the European Union: the free movement of labor.

 

[Domingo Halliburton]

the US used to have a 90% tax rate for millionaires?

on like the 200,000th dollar you made. Which would be like the 2.5 millionth today.

 

[714562]

the US used to have a 90% tax rate for millionaires?

To clarify, it was a 90% marginal tax rate.

They weren't paying 90 cents from every dollar to the government.

 

[tmonster]

on like the 200,000th dollar you made. Which would be like the 2.5 millionth today.

so...

 

[Type Username Here]

correlation=/=causation

In this case it is a strong indicator. Look at the rates in the 20s preceding the Great Depression, then there was an increase to push the New Deal, WWII and subsequent growth and it worked.

 

[tmonster]

In this case it is a strong indicator. Look at the rates in the 20s preceding the Great Depression, then there was an increase to push the New Deal, WWII and subsequent growth and it worked.

before I continue
what is your central point?

 

[tmonster]

on like the 200,000th dollar you made. Which would be like the 2.5 millionth today.

I believe it was 300,000 but that is still much higher than current
http://www.politifact.com/truth-o-m...l-moores-film-capitalism-claims-richest-paid/

Considering today's corporate salaries...

FTA:

Still, Moore's point is valid. The top marginal tax rates paid by the richest Americans were far higher in the 1950s than they are now. In 2009, the top marginal rate was 35 percent on income above $372,958.

 

[Type Username Here]

before I continue
what is your central point?

Nothing. I was answering your original question, gave a statement and then a rebuttal to your reply.

 

[Domingo Halliburton]

I believe it was 300,000 but that is still much higher than current
http://www.politifact.com/truth-o-m...l-moores-film-capitalism-claims-richest-paid/

Considering today's corporate salaries...

certainly.

but also how many executives today receive things like stock options? Where capital gains are applied.

 

[Domingo Halliburton]

Nothing. I was answering your original question, gave a statement and then a rebuttal to your reply.

you seem to be implying income tax rates being raised helps the economy.

 

[tmonster]

certainly.

but also how many executives today receive things like stock options? Where capital gains are applied.

yeah


I keep wondering when we will smarten up as a species and understand the nature of money and how it relates to that of man. Money is just a secured contract technology
When you remove it from circulation you prevent men from contracting their affairs and therefore from living as part of society.
Greed is blinding