Income Tax in France
Jan 11th 2005 | 2:46 am
#1
Guest
Posts: n/a
Income Tax in France
Bonjour,
Could anyone here tell me what the income tax rate would be in France
for a person making, oh say, the equivalent of $70,000 US dollars/year? I
have heard that the income tax rate is 54% plus another 16% for the French
equivalent of social security for a total tax rate of 70%. Is this true?
Please tell me since I'm trying to decide about a job offer that would have
me moving from the states to France. Thank you for your kind help.
Au Revoir,
Peter Crenshaw
Could anyone here tell me what the income tax rate would be in France
for a person making, oh say, the equivalent of $70,000 US dollars/year? I
have heard that the income tax rate is 54% plus another 16% for the French
equivalent of social security for a total tax rate of 70%. Is this true?
Please tell me since I'm trying to decide about a job offer that would have
me moving from the states to France. Thank you for your kind help.
Au Revoir,
Peter Crenshaw
Jan 11th 2005 | 2:54 am
#2
Guest
Posts: n/a
Re: Income Tax in France
On Tue, 11 Jan 2005 09:46:05 -0600, in rec.travel.europe, "Pierre_St_Germain"
<[email protected]> arranged some electrons, so they looked like this :
... Bonjour,
... Could anyone here tell me what the income tax rate would be in France
... for a person making, oh say, the equivalent of $70,000 US dollars/year? I
... have heard that the income tax rate is 54% plus another 16% for the French
... equivalent of social security for a total tax rate of 70%. Is this true?
... Please tell me since I'm trying to decide about a job offer that would have
... me moving from the states to France. Thank you for your kind help.
... Au Revoir,
...
... Peter Crenshaw
Calculate 8 to 10 weeks of your net income - maybe 12, at that level - as income tax.
Every month about 20% is taken from your salary for Social Security.
<[email protected]> arranged some electrons, so they looked like this :
... Bonjour,
... Could anyone here tell me what the income tax rate would be in France
... for a person making, oh say, the equivalent of $70,000 US dollars/year? I
... have heard that the income tax rate is 54% plus another 16% for the French
... equivalent of social security for a total tax rate of 70%. Is this true?
... Please tell me since I'm trying to decide about a job offer that would have
... me moving from the states to France. Thank you for your kind help.
... Au Revoir,
...
... Peter Crenshaw
Calculate 8 to 10 weeks of your net income - maybe 12, at that level - as income tax.
Every month about 20% is taken from your salary for Social Security.
Jan 11th 2005 | 3:03 am
#3
Guest
Posts: n/a
Re: Income Tax in France
On Tue, 11 Jan 2005 09:46:05 -0600, "Pierre_St_Germain"
<[email protected]> wrote:
>Bonjour,
> Could anyone here tell me what the income tax rate would be in France
>for a person making, oh say, the equivalent of $70,000 US dollars/year? I
>have heard that the income tax rate is 54% plus another 16% for the French
>equivalent of social security for a total tax rate of 70%. Is this true?
>Please tell me since I'm trying to decide about a job offer that would have
>me moving from the states to France. Thank you for your kind help.
>Au Revoir,
Look here
http://www.geneva.ch/Publications/ci04/en/taxes.pdf
--
Martin
<[email protected]> wrote:
>Bonjour,
> Could anyone here tell me what the income tax rate would be in France
>for a person making, oh say, the equivalent of $70,000 US dollars/year? I
>have heard that the income tax rate is 54% plus another 16% for the French
>equivalent of social security for a total tax rate of 70%. Is this true?
>Please tell me since I'm trying to decide about a job offer that would have
>me moving from the states to France. Thank you for your kind help.
>Au Revoir,
Look here
http://www.geneva.ch/Publications/ci04/en/taxes.pdf
--
Martin
Jan 11th 2005 | 3:12 am
#4
Guest
Posts: n/a
Re: Income Tax in France
On Tue, 11 Jan 2005 16:54:23 +0100, Magda <[email protected]>
wrote:
>On Tue, 11 Jan 2005 09:46:05 -0600, in rec.travel.europe, "Pierre_St_Germain"
><[email protected]> arranged some electrons, so they looked like this :
> ... Bonjour,
> ... Could anyone here tell me what the income tax rate would be in France
> ... for a person making, oh say, the equivalent of $70,000 US dollars/year? I
> ... have heard that the income tax rate is 54% plus another 16% for the French
> ... equivalent of social security for a total tax rate of 70%. Is this true?
> ... Please tell me since I'm trying to decide about a job offer that would have
> ... me moving from the states to France. Thank you for your kind help.
> ... Au Revoir,
> ...
> ... Peter Crenshaw
>Calculate 8 to 10 weeks of your net income - maybe 12, at that level - as income tax.
That's about correct on an OECD site is shows 18% for France
>Every month about 20% is taken from your salary for Social Security.
--
Martin
wrote:
>On Tue, 11 Jan 2005 09:46:05 -0600, in rec.travel.europe, "Pierre_St_Germain"
><[email protected]> arranged some electrons, so they looked like this :
> ... Bonjour,
> ... Could anyone here tell me what the income tax rate would be in France
> ... for a person making, oh say, the equivalent of $70,000 US dollars/year? I
> ... have heard that the income tax rate is 54% plus another 16% for the French
> ... equivalent of social security for a total tax rate of 70%. Is this true?
> ... Please tell me since I'm trying to decide about a job offer that would have
> ... me moving from the states to France. Thank you for your kind help.
> ... Au Revoir,
> ...
> ... Peter Crenshaw
>Calculate 8 to 10 weeks of your net income - maybe 12, at that level - as income tax.
That's about correct on an OECD site is shows 18% for France
>Every month about 20% is taken from your salary for Social Security.
--
Martin
Jan 11th 2005 | 3:29 am
#5
Guest
Posts: n/a
Re: Income Tax in France
On 2005-01-11 17:12:44 +0100, nitram <[email protected]> said:
> On Tue, 11 Jan 2005 16:54:23 +0100, Magda <[email protected]>
> wrote:
>
>> On Tue, 11 Jan 2005 09:46:05 -0600, in rec.travel.europe, "Pierre_St_Germain"
>> <[email protected]> arranged some electrons, so they looked like this :
>>
>> ... Bonjour,
>> ... Could anyone here tell me what the income tax rate would be in France
>> ... for a person making, oh say, the equivalent of $70,000 US dollars/year? I
>> ... have heard that the income tax rate is 54% plus another 16% for the French
>> ... equivalent of social security for a total tax rate of 70%. Is this true?
>> ... Please tell me since I'm trying to decide about a job offer that would have
>> ... me moving from the states to France. Thank you for your kind help.
>> ... Au Revoir,
>> ... ... Peter Crenshaw
>>
>> Calculate 8 to 10 weeks of your net income - maybe 12, at that level -
>> as income tax.
Bear in mind also that the French taxman will double tax your income
from abroad.
G;
--
Encrypted e-mail address. Click to mail me:
http://cerbermail.com/?nKYh3qN4YG
> On Tue, 11 Jan 2005 16:54:23 +0100, Magda <[email protected]>
> wrote:
>
>> On Tue, 11 Jan 2005 09:46:05 -0600, in rec.travel.europe, "Pierre_St_Germain"
>> <[email protected]> arranged some electrons, so they looked like this :
>>
>> ... Bonjour,
>> ... Could anyone here tell me what the income tax rate would be in France
>> ... for a person making, oh say, the equivalent of $70,000 US dollars/year? I
>> ... have heard that the income tax rate is 54% plus another 16% for the French
>> ... equivalent of social security for a total tax rate of 70%. Is this true?
>> ... Please tell me since I'm trying to decide about a job offer that would have
>> ... me moving from the states to France. Thank you for your kind help.
>> ... Au Revoir,
>> ... ... Peter Crenshaw
>>
>> Calculate 8 to 10 weeks of your net income - maybe 12, at that level -
>> as income tax.
Bear in mind also that the French taxman will double tax your income
from abroad.
G;
--
Encrypted e-mail address. Click to mail me:
http://cerbermail.com/?nKYh3qN4YG
Jan 11th 2005 | 4:04 am
#6
Guest
Posts: n/a
Re: Income Tax in France
in article [email protected], Pierre_St_Germain
at [email protected] wrote on 11/01/05 16:46:
> Bonjour,
> Could anyone here tell me what the income tax rate would be in France
> for a person making, oh say, the equivalent of $70,000 US dollars/year? I
> have heard that the income tax rate is 54% plus another 16% for the French
> equivalent of social security for a total tax rate of 70%. Is this true?
> Please tell me since I'm trying to decide about a job offer that would have
> me moving from the states to France. Thank you for your kind help.
> Au Revoir,
>
Complicated calculation but your numbers are much too pessimistic! The
high tax rate is only for a certain portion of the income over a certain
number.
The tax rate that applies depends on the family composition, one part for
the husband, one for the wife and one half for each child.
The taxable income is first computed by using a 20% standard deduction if
one is salaried, plus 10%. $70,000 right now is 54,000 euros, and the
taxable income is 38,000 euros if one applied the 20 + 10 % reduction.
If one is single, one is taxed in the 38,000 bracket, if one is married
one is taxed at the bracket half of that. Children send you down
bracketwise.
If single you tax would approximately be 38,000 x .37 -4846 euros = 9,200
euros. This is 17% of your original income. The top differential tax
rates is 48% not 54% for incomes over 48,000 euros, but much of that
income is being taxed at a lower over all rate.
If you had a wife, your bracket is 38,000/2 = 19,000 euros and the tax
would be much lower. The tax system hits the unmarried.
Before I retired, we had a French income higher than you cited, and I
counted a tax of about one month of salary per year.
Whatever, before you jump talk to an accountant since you can
be taxed on unearned income also. If you wish an good American accountant
who knows both French and US tax law, contact me by e-mail and I will
put you into contact with the man I have used for about 20 years.
He does both my French and US declaration.
My name and e-mail are real.
Earl
at [email protected] wrote on 11/01/05 16:46:
> Bonjour,
> Could anyone here tell me what the income tax rate would be in France
> for a person making, oh say, the equivalent of $70,000 US dollars/year? I
> have heard that the income tax rate is 54% plus another 16% for the French
> equivalent of social security for a total tax rate of 70%. Is this true?
> Please tell me since I'm trying to decide about a job offer that would have
> me moving from the states to France. Thank you for your kind help.
> Au Revoir,
>
Complicated calculation but your numbers are much too pessimistic! The
high tax rate is only for a certain portion of the income over a certain
number.
The tax rate that applies depends on the family composition, one part for
the husband, one for the wife and one half for each child.
The taxable income is first computed by using a 20% standard deduction if
one is salaried, plus 10%. $70,000 right now is 54,000 euros, and the
taxable income is 38,000 euros if one applied the 20 + 10 % reduction.
If one is single, one is taxed in the 38,000 bracket, if one is married
one is taxed at the bracket half of that. Children send you down
bracketwise.
If single you tax would approximately be 38,000 x .37 -4846 euros = 9,200
euros. This is 17% of your original income. The top differential tax
rates is 48% not 54% for incomes over 48,000 euros, but much of that
income is being taxed at a lower over all rate.
If you had a wife, your bracket is 38,000/2 = 19,000 euros and the tax
would be much lower. The tax system hits the unmarried.
Before I retired, we had a French income higher than you cited, and I
counted a tax of about one month of salary per year.
Whatever, before you jump talk to an accountant since you can
be taxed on unearned income also. If you wish an good American accountant
who knows both French and US tax law, contact me by e-mail and I will
put you into contact with the man I have used for about 20 years.
He does both my French and US declaration.
My name and e-mail are real.
Earl
Jan 11th 2005 | 4:12 am
#7
Guest
Posts: n/a
Re: Income Tax in France
in article [email protected], Magda at
[email protected] wrote on 11/01/05 16:54:
> Calculate 8 to 10 weeks of your net income - maybe 12, at that level - as
> income tax.
But they don`t tax you until a year later! The first year I worked in
France I paid no income tax. That year.
The gimmick is that you make a declaration for last year's income this year
and the final tax bill shows up in September as a big bill.
Earl
[email protected] wrote on 11/01/05 16:54:
> Calculate 8 to 10 weeks of your net income - maybe 12, at that level - as
> income tax.
But they don`t tax you until a year later! The first year I worked in
France I paid no income tax. That year.
The gimmick is that you make a declaration for last year's income this year
and the final tax bill shows up in September as a big bill.
Earl
Jan 11th 2005 | 4:24 am
#8
Guest
Posts: n/a
Re: Income Tax in France
On Tue, 11 Jan 2005 18:12:29 +0100, in rec.travel.europe, Earl Evleth <[email protected]>
arranged some electrons, so they looked like this :
... in article [email protected], Magda at
... [email protected] wrote on 11/01/05 16:54:
...
...
... > Calculate 8 to 10 weeks of your net income - maybe 12, at that level - as
... > income tax.
...
...
... But they don`t tax you until a year later! The first year I worked in
... France I paid no income tax. That year.
...
... The gimmick is that you make a declaration for last year's income this year
... and the final tax bill shows up in September as a big bill.
...
... Earl
February, May and September.
arranged some electrons, so they looked like this :
... in article [email protected], Magda at
... [email protected] wrote on 11/01/05 16:54:
...
...
... > Calculate 8 to 10 weeks of your net income - maybe 12, at that level - as
... > income tax.
...
...
... But they don`t tax you until a year later! The first year I worked in
... France I paid no income tax. That year.
...
... The gimmick is that you make a declaration for last year's income this year
... and the final tax bill shows up in September as a big bill.
...
... Earl
February, May and September.
Jan 11th 2005 | 8:17 am
#9
Guest
Posts: n/a
Re: Income Tax in France
Hi,
let's say a touch over 8 weeks (makes the math easier)... 2 months...
1/6 of the year or about 16.6%
but you have to ad the 19.6% vat...
so we're up to about 36% tax already...
>>Calculate 8 to 10 weeks of your net income - maybe 12, at that level - as
>>income tax.
>
>
>
> But they don`t tax you until a year later! The first year I worked in
> France I paid no income tax. That year.
>
> The gimmick is that you make a declaration for last year's income this year
> and the final tax bill shows up in September as a big bill.
>
> Earl
>
--
"But to live outside the law, you must be honest"
Bob Dylan - Absolutely Sweet Marie - 1966
let's say a touch over 8 weeks (makes the math easier)... 2 months...
1/6 of the year or about 16.6%
but you have to ad the 19.6% vat...
so we're up to about 36% tax already...
>>Calculate 8 to 10 weeks of your net income - maybe 12, at that level - as
>>income tax.
>
>
>
> But they don`t tax you until a year later! The first year I worked in
> France I paid no income tax. That year.
>
> The gimmick is that you make a declaration for last year's income this year
> and the final tax bill shows up in September as a big bill.
>
> Earl
>
--
"But to live outside the law, you must be honest"
Bob Dylan - Absolutely Sweet Marie - 1966
Jan 11th 2005 | 8:21 am
#10
Guest
Posts: n/a
Re: Income Tax in France
On 2005-01-11 22:17:34 +0100, Anonymouse <[email protected]> said:
>
> Hi,
>
> let's say a touch over 8 weeks (makes the math easier)... 2 months...
> 1/6 of the year or about 16.6%
>
> but you have to ad the 19.6% vat...
>
> so we're up to about 36% tax already...
That's a novel way of calculating the tax burden. You don't plan on
saving any money? Or buying any food?
--
Encrypted e-mail address. Click to mail me:
http://cerbermail.com/?nKYh3qN4YG
>
> Hi,
>
> let's say a touch over 8 weeks (makes the math easier)... 2 months...
> 1/6 of the year or about 16.6%
>
> but you have to ad the 19.6% vat...
>
> so we're up to about 36% tax already...
That's a novel way of calculating the tax burden. You don't plan on
saving any money? Or buying any food?
--
Encrypted e-mail address. Click to mail me:
http://cerbermail.com/?nKYh3qN4YG
Jan 11th 2005 | 8:21 am
#11
Guest
Posts: n/a
Re: Income Tax in France
On Tue, 11 Jan 2005 15:17:34 -0600, Anonymouse <[email protected]>
wrote:
>Hi,
>let's say a touch over 8 weeks (makes the math easier)... 2 months...
>1/6 of the year or about 16.6%
>but you have to ad the 19.6% vat...
VAT is not income tax and nor is everything taxed at the same rate in
France.
>so we're up to about 36% tax already...
Nah we are still at 16.6%
--
Martin
wrote:
>Hi,
>let's say a touch over 8 weeks (makes the math easier)... 2 months...
>1/6 of the year or about 16.6%
>but you have to ad the 19.6% vat...
VAT is not income tax and nor is everything taxed at the same rate in
France.
>so we're up to about 36% tax already...
Nah we are still at 16.6%
--
Martin
Jan 11th 2005 | 8:22 am
#12
Guest
Posts: n/a
Re: Income Tax in France
On Tue, 11 Jan 2005 22:21:06 +0100, The Rev Gaston <[email protected]>
wrote:
>On 2005-01-11 22:17:34 +0100, Anonymouse <[email protected]> said:
>>
>> Hi,
>>
>> let's say a touch over 8 weeks (makes the math easier)... 2 months...
>> 1/6 of the year or about 16.6%
>>
>> but you have to ad the 19.6% vat...
>>
>> so we're up to about 36% tax already...
>That's a novel way of calculating the tax burden. You don't plan on
>saving any money? Or buying any food?
Don't forget to put charity contributions in the doggy bag
--
Martin
wrote:
>On 2005-01-11 22:17:34 +0100, Anonymouse <[email protected]> said:
>>
>> Hi,
>>
>> let's say a touch over 8 weeks (makes the math easier)... 2 months...
>> 1/6 of the year or about 16.6%
>>
>> but you have to ad the 19.6% vat...
>>
>> so we're up to about 36% tax already...
>That's a novel way of calculating the tax burden. You don't plan on
>saving any money? Or buying any food?
Don't forget to put charity contributions in the doggy bag
--
Martin
Jan 11th 2005 | 8:29 am
#13
Guest
Posts: n/a
Re: Income Tax in France
>> ... Bonjour,
>> ... Could anyone here tell me what the income tax rate would be in France
>> ... for a person making, oh say, the equivalent of $70,000 US dollars/year?
>> I
>> ... have heard that the income tax rate is 54% plus another 16% for the
>> French
>> ... equivalent of social security for a total tax rate of 70%. Is this true?
>> ... Please tell me since I'm trying to decide about a job offer that would
>> have
>> ... me moving from the states to France. Thank you for your kind help.
>> ... Au Revoir,
>> ...
>> ... Peter Crenshaw
>>Calculate 8 to 10 weeks of your net income - maybe 12, at that level - as
>>income tax.
> That's about correct on an OECD site is shows 18% for France
> Martin
Could you please post that link?
>> ... Could anyone here tell me what the income tax rate would be in France
>> ... for a person making, oh say, the equivalent of $70,000 US dollars/year?
>> I
>> ... have heard that the income tax rate is 54% plus another 16% for the
>> French
>> ... equivalent of social security for a total tax rate of 70%. Is this true?
>> ... Please tell me since I'm trying to decide about a job offer that would
>> have
>> ... me moving from the states to France. Thank you for your kind help.
>> ... Au Revoir,
>> ...
>> ... Peter Crenshaw
>>Calculate 8 to 10 weeks of your net income - maybe 12, at that level - as
>>income tax.
> That's about correct on an OECD site is shows 18% for France
> Martin
Could you please post that link?
Jan 11th 2005 | 8:32 am
#14
Guest
Posts: n/a
Re: Income Tax in France
On Tue, 11 Jan 2005 22:29:19 +0100, "sascha" <[email protected]> wrote:
>>> ... Bonjour,
>>> ... Could anyone here tell me what the income tax rate would be in France
>>> ... for a person making, oh say, the equivalent of $70,000 US dollars/year?
>>> I
>>> ... have heard that the income tax rate is 54% plus another 16% for the
>>> French
>>> ... equivalent of social security for a total tax rate of 70%. Is this true?
>>> ... Please tell me since I'm trying to decide about a job offer that would
>>> have
>>> ... me moving from the states to France. Thank you for your kind help.
>>> ... Au Revoir,
>>> ...
>>> ... Peter Crenshaw
>>>Calculate 8 to 10 weeks of your net income - maybe 12, at that level - as
>>>income tax.
>> That's about correct on an OECD site is shows 18% for France
>> Martin
>Could you please post that link?
I did separately.
--
Martin
>>> ... Bonjour,
>>> ... Could anyone here tell me what the income tax rate would be in France
>>> ... for a person making, oh say, the equivalent of $70,000 US dollars/year?
>>> I
>>> ... have heard that the income tax rate is 54% plus another 16% for the
>>> French
>>> ... equivalent of social security for a total tax rate of 70%. Is this true?
>>> ... Please tell me since I'm trying to decide about a job offer that would
>>> have
>>> ... me moving from the states to France. Thank you for your kind help.
>>> ... Au Revoir,
>>> ...
>>> ... Peter Crenshaw
>>>Calculate 8 to 10 weeks of your net income - maybe 12, at that level - as
>>>income tax.
>> That's about correct on an OECD site is shows 18% for France
>> Martin
>Could you please post that link?
I did separately.
--
Martin
Jan 11th 2005 | 9:30 am
#15
Guest
Posts: n/a
Re: Income Tax in France
Pierre_St_Germain wrote:
> Could anyone here tell me what the income tax rate would be in
> France for a person making, oh say, the equivalent of $70,000 US
> dollars/year?
It depends on several things, among them if you are married and (the income
of a married couple is aggregated and the income tax calculated globally)
how many children you have (children gives you income tax discounts).
> I have heard that the income tax rate is 54% plus
> another 16% for the French equivalent of social security for a total
> tax rate of 70%. Is this true?
No.
Assuming a net income (net income is about 78% of gross income) for the year
2003 of 53 k¤ (70 kUSD at the current rate) for a single person without
children, the calculation at
http://www2.finances.gouv.fr/cgi-bin/calc-2004.cgi gives 9417 ¤, or less
than 18% average rate.
JL.
> Could anyone here tell me what the income tax rate would be in
> France for a person making, oh say, the equivalent of $70,000 US
> dollars/year?
It depends on several things, among them if you are married and (the income
of a married couple is aggregated and the income tax calculated globally)
how many children you have (children gives you income tax discounts).
> I have heard that the income tax rate is 54% plus
> another 16% for the French equivalent of social security for a total
> tax rate of 70%. Is this true?
No.
Assuming a net income (net income is about 78% of gross income) for the year
2003 of 53 k¤ (70 kUSD at the current rate) for a single person without
children, the calculation at
http://www2.finances.gouv.fr/cgi-bin/calc-2004.cgi gives 9417 ¤, or less
than 18% average rate.
JL.
