Living and trading in France
- Thread starter Kicking
- Start date
Let's say that Rumsfled did not help diplomatical relationships...
Especially in Paris, Americans are not so well received these days.
(of course this is absolutely nothing like the hell the US medias unleashed on the French community in the US, some members of which had to leave everything to get back home).
OHLC
The French snapped their fingers and expected service from American troops, and they got it. Now the Americans can't even get served by the establishment the helped protect.
By the way I was on Ebay and I saw a pretty cool auction...
"French Army rifles fo sale...mint condition...never used and dropped 5 times."
Hehe, Harrytraitor will know...
I checked broadband availability in Nice last year and it's around 40-50 euros. I would favor Nice because I know a very special someone there. Otherwise there is Cap d'Antibes which looks like a little paradise.
I agree customer service is dreadful on the continent that's one thing I find very hard to cope with along with banking(shopping) hours, deeply ingrained socialist mentality and strikes(in France they all want money from the Government if they don't get it, it's simple : they go on strike and block all traffic. It's hard to believe the French Assembly recently managed to pass a pension reform) .
OHLC,
Do you mean it's possible I would pay zero taxes if I make between 10 and 20K trading futures? I am EU citizen so there is a tax treaty. And what about healthcare/SS taxes, this is the worst I think, inmany EU country income tax is only a fraction of all the taxes that hit you. I am in the UK because of the taxes and it's a good alternative to the US. It may even be better than the US for taxes, except for gas and this council tax(residence tax). But housing cost is insane and I am sick of housesharing, not to mention the weather . But I don't want to have to pay 15-30% to the taxman when building my account, once I make decent money I will hopefully move to some tax haven. I know you can get by and more netting 15K in France, that's what my college friends net!
I agree customer service is dreadful on the continent that's one thing I find very hard to cope with along with banking(shopping) hours, deeply ingrained socialist mentality and strikes(in France they all want money from the Government if they don't get it, it's simple : they go on strike and block all traffic. It's hard to believe the French Assembly recently managed to pass a pension reform) .
OHLC,
Do you mean it's possible I would pay zero taxes if I make between 10 and 20K trading futures? I am EU citizen so there is a tax treaty. And what about healthcare/SS taxes, this is the worst I think, inmany EU country income tax is only a fraction of all the taxes that hit you. I am in the UK because of the taxes and it's a good alternative to the US. It may even be better than the US for taxes, except for gas and this council tax(residence tax). But housing cost is insane and I am sick of housesharing, not to mention the weather . But I don't want to have to pay 15-30% to the taxman when building my account, once I make decent money I will hopefully move to some tax haven. I know you can get by and more netting 15K in France, that's what my college friends net!
I gotta agree that the bitches in the south of France are hot... but the males are anti-American lovers of Saddam...
Well, I will provide an answer but have to say this before :
I have nothing against those who renounce a citizenship and go offshore *BUT* I believe that if someone lives in a country providing services built and maintained by the collectivity, he should do his share of the work. If you have police officers ready to put their lives in play to protect you, emergency miltitary ships that goes in very bad weather to rescue you if lost in the mediterranean sea, helicopter crews to transport you to anti poison center if need be, doctors that choose to work 20-24h for a low salary to help emergencies, and the hospital that will pay all the cost of any operation, even if the cost is a million $, then if you have this, there is no reason that you should not pay a little $ to maintain this, and participate in society. SO, my comments about taxes are only to be used for information, not for any tax ducking purpose.
SS taxes are job related, if you have no job, you dont pay them(and may not get SS benefit),
if for example, you choose to get a half time job (which means 17.5 hours a week), it will be paid by your employer prior to writing your paycheck.
Same thing for Unemployement taxes (ie : if you loose your job, they pay you about 50% or so of your monthly wages for about 2 years).
Retirement is also directly taken before the check is written.
It will give you retirement rights, even if you only work one month of your life in France.
These three taxes are job related.
If you choose the marginal rate on stock profits, you pay a total of 26.5% taxes, which are both income and social taxes.
As explained previously, you have no interest in doing this, you
can go professional, deduct your expenses, and then you will be under minimum wage (13.2KEuros/yr).
If you have anything to pay on this, it will be minimal.
Actually, you will probably be at the level that qualifies you for not paying any taxes, even not the local one (a small thing anyway).
In most probability, you might receive help.
So, I dont want to sound negative, but you are nowhere near the financial point that taxes would worry you...
Even if you are worried on paying SS, Unemployement, retirement on a job or part time job, you may balance this by realizing you will be at the winning side of this (if you pay SS on a part time job, you might be in your money real quick, just a problem with a tooth, or getting a flu, or a blood test, and what you would have spent will be under what you receive).
So, if you are serious about your move, you might just send an email to the tax services (or maybe a private consultant, but it will probably not be free).
I think you are nowhere near the point that you should be concerned, let alone worried.
OHLC
BTW I am a trader, not a darn tax man or accountant
