France will tax individuals making 1.25 mil or more at 75%.. | TigerDroppings.com

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LSUAlum2001
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Member since Aug 2003
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France will tax individuals making 1.25 mil or more at 75%..


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ESPOIR ET DE CHANGEMENT!







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Federal Tiger
LSU Fan
Connecticut
Member since Dec 2007
5982 posts

re: France will tax individuals making 1.25 mil or more at 75%..


Wonder how many salaries just became 1.24999 million.







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Radiojones
USA Fan
The Twilight Zone
Member since Feb 2007
6387 posts

re: France will tax individuals making 1.25 mil or more at 75%..


Anyone know the unemployment rate in France?





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PrivateJoker
LSU Fan
BR
Member since Jun 2012
817 posts

re: France will tax individuals making 1.25 mil or more at 75%..


Holy fricking shite.


Even DA and Summa can't believe that is the right thing to do.






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LSUAlum2001
LSU Fan
Tier BP
Member since Aug 2003
27989 posts

re: France will tax individuals making 1.25 mil or more at 75%..


quote:

Even DA


Wrong.

DA/SUMMA is a sack of shite on the government tit. He will take it all if he could.






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jamboybarry
LSU Fan
I Putt Out
Member since Feb 2011
10787 posts
 Online 

re: France will tax individuals making 1.25 mil or more at 75%..


quote:

Even DA and Summa can't believe that is the right thing to do.


Somebody's gotta pay his SSDI






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AcetylCoA
Southern Cal Fan
Pasadena, California
Member since Nov 2009
1816 posts

re: France will tax individuals making 1.25 mil or more at 75%..


Holy shit! And I thought 40% was too much.





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lsuroadie
LSU Fan
South LA
Member since Oct 2007
5445 posts

re: France will tax individuals making 1.25 mil or more at 75%..


LINK





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wickowick
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Head of Island
Member since Dec 2006
23197 posts
 Online 

re: France will tax individuals making 1.25 mil or more at 75%..


Will Smith on 75% tax rate





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LSUAlum2001
LSU Fan
Tier BP
Member since Aug 2003
27989 posts

re: France will tax individuals making 1.25 mil or more at 75%..


quote:

lsuroadie


Your thread title needs to pop to draw in discussions.






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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
34703 posts

re: France will tax individuals making 1.25 mil or more at 75%..


I have been trying to tell you guys here about this. It is a direct result of their gov debt and we are a matter of years behind now, not decades most likely.

People bitch about Obama's relatively modest plan to just let the bush tax cuts expire on upper incomes, yet we are heading towards a drastic frick the wealthy in the arse and make them bleed like some European countries.

Some of us have enough sense to want to attack the problem full force on the revenue and expense side, some, like the Tea Party in particular are too fricking stupid however.

And as I have said, I work with wealthy foreign clients and some are considering leaving their native countries when this shite starts happening.






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lsuroadie
LSU Fan
South LA
Member since Oct 2007
5445 posts

re: France will tax individuals making 1.25 mil or more at 75%..


well damn, I outsourced it and had it professionally drafted.





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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
34703 posts

re: France will tax individuals making 1.25 mil or more at 75%..


quote:

Holy shit! And I thought 40% was too much.


In 5-10 years, with our current politicians, you will be hoping for "only" 40% if you are upper income I project. And that has nothing to do with which party is in charge. It will be forced on us.



This post was edited on 9/13 at 11:05 am


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LSUAlum2001
LSU Fan
Tier BP
Member since Aug 2003
27989 posts

re: France will tax individuals making 1.25 mil or more at 75%..


quote:

It is a direct result of their gov debt and we are a matter of years behind now, not decades most likely.


Finally. Some sense from you.

HOWEVER, increasing taxes is not the only answer.

The first thing is to exercise cuts. If you arbitrarily just bump up tax brackets to bring in more funding without cutting spending, it will only increase spending, not reduce it.

In the early 1980s, Reagan worked with his D congress to try and cut spending. However, Ds said they would not agree to cut spending until some taxes were increased. So, Reagan agreed to work with them and did the dirty deed. When it came time to cut, the Ds in congress balked and all Reagan had to show for it was a tax increase without any promised cuts.



This post was edited on 9/13 at 11:08 am


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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
34703 posts

re: France will tax individuals making 1.25 mil or more at 75%..


quote:

Finally. Some sense from you.


Um, ok. Even though I have said this about 20 times.

quote:

HOWEVER, increasing taxes is not the only answer.




You really need to pay attention. I have called for cuts to everything including SS, medicare, and medicaid. The problem is too fricking big for anything other than an all out assault from every angle.







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LSUAlum2001
LSU Fan
Tier BP
Member since Aug 2003
27989 posts

re: France will tax individuals making 1.25 mil or more at 75%..


quote:

You really need to pay attention. I have called for cuts to everything including SS, medicare, and medicaid. The problem is too fricking big for anything other than an all out assault from every angle.


I guarantee people would be OK with some tax increases if the government showed it will cut spending FIRST; not AFTER taxes are increased.

It would be like giving a crack whore $100 bucks before going to rehab and cleaning themselves up. If you don't think the crack whore will spend it all on more crack vs other day-to-day necessities, you are only fooling yourself.






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Rockyn
LSU Fan
Tampa Bay
Member since Sep 2008
6415 posts

re: France will tax individuals making 1.25 mil or more at 75%..


quote:

Wonder how many salaries just became 1.24999 million.
I wish people understood what marginal taxation meant.






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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
34703 posts

re: France will tax individuals making 1.25 mil or more at 75%..


quote:

I guarantee people would be OK with some tax increases if the government showed it will cut spending FIRST; not AFTER taxes are increased.


But not enough of the politicians in Washington have been ok with this, primarily the Tea Party. There have been some reasonable purposals that did both. Neither side really liked them, but one extremist group in particular, the Tea Party, has said no tax increases period no matter what.

They are about as ridiculous as anything I have ever seen in congress and that says a lot.






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Anfield Road
Mississippi St. Fan
Rocket City
Member since May 2012
921 posts

re: France will tax individuals making 1.25 mil or more at 75%..


Definitely to the right of the maximum efficiency point of the Laffer Curve.





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LSUAlum2001
LSU Fan
Tier BP
Member since Aug 2003
27989 posts

re: France will tax individuals making 1.25 mil or more at 75%..


quote:

Neither side really liked them, but one extremist group in particular, the Tea Party, has said no tax increases period no matter what.


That's because they have been burned before on promised cuts after raising taxes.

Starting cutting first and opinions will shift. Not before.






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