Quote from KINGOFSHORTS:
How much out of someones paycheck goes to taxes etc..?
Vat in france is 19.6% (19.6% sales tax)
True...
Quote from KINGOFSHORTS:
Plus 30% Tax if you make between 24K-66K euros
So if you had a job that paid 42,000 US dollars
you would pay 30% of that to taxes
or 12,600 dollars leaving you with 29,400 dollars
[/B]
Sorry but that calculation is not entirely correct. If you earned that and you have a 4 family members you would take that number split it by 4 and then calculate the tax on that amount.
So it means you pay 4 times the tax rate of 10,500. That band is 5.5%, mean you would pay 5.5% on 42,000.
Of course you have to apply deductions like the other taxes before you calculate income tax.
Quote from KINGOFSHORTS:
And then if you want to buy 29,400 worth of goods you pay a 19.6% consumption tax
so you end up having to pay 5,762 dollars
leaving you with 23,637 dollars of real purchasing power.
[/B]
No, you would have 33,600 dollars of real purchasing power.
Quote from KINGOFSHORTS:
No free lunch. There is no such thing as free healthcare.
[/B]
Oh I completely agree, French healthcare is expensive, but actually good. When we lived in the south of france (Opio) we did not complain.
Quote from KINGOFSHORTS:
I forgot to add, there are more taxes that take away from the remaining 23,637 but its too complex and not worth doing the rest of the math.
Stuff like Professional taxes,local taxes,social tax, etc..
[/B]
Like tax d'habitation, etc...
Quote from KINGOFSHORTS:
And they still run a deficit.
[/B]
A French person said it best to us. The government expects that you cheat by 50%! They don't actually expect that you tell the truth, that would be out of the ordinary...
I remember people who had official claims with official income statements would lie about 10% of their real income.
I pointed out that a piece of paper is saying otherwise, are you not concerned? They answered, not really, everybody does it.
Quote from KINGOFSHORTS:
But the stupid neocons instead of offering a real debate and show people how much they can potentially lose from thier paychecks they go on about with this BS death squad stuff and Bullshit talking points instead. [/B]
Absolutely the Republicans are given the goose that laid the golden egg in providing a real opposition. Yet what do they do? Approach it like Sarah Palin approaches things.
It is so freaken sad...