Good luck with that.
Posted on 01/02/2014 1:55:45 PM PST by Lorianne
IIRC there are more french millionaires in england than in france
They changed the law so that the high earning employees don’t pay the tax, instead the companies do.
I wonder how this will be implemented. Will the companies deduct the tax from the employee’s wages, or will the companies absorb the tax?
What would you do if you ran a company with million euro salaries?
Good luck with that.
In the US, we had a 94% top tax rate on income over $200,000. During (relative) peacetime, it was 92%. However, perks such as housing, cars, and stock options didn’t count.
There were so many loopholes, nobody paid those rates.
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