BF Deal. It’s not any better here.
Our highest marginal tax rate on ordinary income is 43% with the Obamacare tax thrown in, and that’s just Federal. States have taxes too, averaging around 5 or 6%.
If you forfeit US citizenship, it’s a taxable event. Our highest Federal Tax on capital gains is 23.8%, higher than France’s.
If you live abroad and you are a US citizen, you have to pay taxes to the US (although there are some living allowances and credits for taxes paid to the country in which you are earning). France doesn’t have that.
What France may have that we don’t have is the $1 million plus earners tax. Hollande tried 75%, but that was held to be too much by the courts.
They also have the VAT, which is higher than most of our sales taxes.
Most developed countries have VERY hungry governments.
Not entirely true. I lived in Germany for 12 years and only paid taxes over $90k from working for a US company abroad...given you stay out of the country for 330 days...GET ME OUTTA HERE!