French election: Hollande wants 75% tax on top earners

Quote from Gotchaforce : Its math fail because the french government will never take 75% of your earnings. ever. "You make $1 million and the government takes 750k!" No.. they take 400k. If you made infinity dollars they would take 75% of infinity (which.. is also infinity). Obviously thats not possible

It's not a math fail dude. I understand that I misspoke with what I originally said, but what I was getting at was the 75% tax on everything above a million, as referenced in the OP.
What I should have said is " you make a 2nd million, the government takes 750k.

The government will take 400k of the first million and 750k of the second million.
Of course that is not 75% of your total income, but it is 75% of everything over that first million.

What the fark are you going on about "infinity" for?

Quote from 124nic8 : As your (presumed) nominee recently said: "You ask the questions you want and I give the answers I want." BTW, asking about a "shithole" is meaningless cause there is no definition of "shithole" wrt a country.

My god man...you're unbelievable.

Quote from OhNoItsDEVO : My god man...you're unbelievable.

If it's unbelieveable that I won't answer stupid questions, then count me in.

Quote from OhNoItsDEVO : It's not a math fail fool! I understand that I misspoke with what I originally said, but what I was getting at was the 75% tax on everything above a million, as referenced in the OP. What I should have said is " you make a 2nd million, the government takes 750k. The government will take 400k of the first million and 750k of the second million. Of course that is not 75% of your total income, but it is 75% of everything over that first million. What the fark are you going on about "infinity" for?

Theres a difference between misspoke and not understanding tax brackets. The majority of liberals and conservatives misunderstand how tax rates work. The problem is one party is constantly crying about how tax rates are too high...

its just stupid to talk about money in some sort of bracket vacuum. Its misleading and is the whole reason so many people fail to understand tax rates. They think that once you hit a bracket suddenly your entire income is taxed at that rate. When in actuality income tax rates are very fair, Elmer is taxed the same on his first $10k as i am, etc etc.

Quote from Gotchaforce : Theres a difference between misspoke and not understanding tax brackets. The majority of liberals and conservatives misunderstand how tax rates work. The problem is one party is constantly crying about how tax rates are too high... its just stupid to talk about money in some sort of bracket vacuum. Its misleading and is the whole reason so many people fail to understand tax rates. They think that once you hit a bracket suddenly your entire income is taxed at that rate. When in actuality income tax rates are very fair, Elmer is taxed the same on his first $10k as i am, etc etc.

I understand just fine, and I stand by what I was trying to say. Anything above 1 mil is taxed at 75%. If you make 2 million, that second million is taxed at 75%. So they end up taking 750,000 of that 2nd million.

Obviously the the entire income is not taxed at 75%.
Even so, a 75% tax rate is in no way "fair."

Personally, I don't care what the french government decides to tax their people.
The French get the government they deserve.

Actually i take it back, not a math fail, if you read mohaters post which simply states over and over "75% tax on top earners" your math is correct. Mohater is facts fail.

Quote from Gotchaforce : Actually i take it back, not a math fail, if you read mohaters post which simply states over and over "75% tax on top earners" your math is correct. Mohater is facts fail.

But it IS a 75% tax on top earners. That statement is correct.
75% tax on everything those top earners make over 1 million.

"infinity dollars " has nothing to do with it.

Nope, sorry, numbers are numbers, i dont care for vague sweeping statements when it comes to tax rates. According to you and him someone who has an income of a million and one euro is a top earner???

Quote from Gotchaforce : Its math fail because the french government will never take 75% of your earnings. ever. "You make $1 million and the government takes 750k!" No.. they take 400k. If you made infinity dollars they would take 75% of infinity (which.. is also infinity). Obviously thats not possible

actually what you just stated is a complete mathematical failure. Infinity is unbounded reference to something that has no maximum. To even attempt to use the term in compare that to a finite system like money.. is well.. something I've only heard grammar school kids do.

Quote from Gotchaforce : Nope, sorry, numbers are numbers

and infinity is NOT a number.

Quote from DJPlayer : actually what you just stated is a complete mathematical failure. Infinity is unbounded reference to something that has no maximum. To even attempt to use the term in compare that to a finite system like money.. is well.. something I've only heard grammar school kids do. and infinity is NOT a number.

the top tax rate can only ever become realized if you set its limit to infinity. thats the entire point... this is first week of calculus stuff.

if you were paid a trillion dollars your tax rate would still be 74.999999999%

Quote from Gotchaforce : Nope, sorry, numbers are numbers, i dont care for vague sweeping statements when it comes to tax rates. According to you and him someone who has an income of a million and one euro is a top earner???

What the fark do you mean numbers are numbers? Do you deny the fact that according to this plan, anything over 1 million is to be taxed at 75%?

Vague sweeping statements? What the fark are you going on about?

Your top earner statement is irrelevant.

I seriously do not understand what foolish point you are trying to make here...

Quote from OhNoItsDEVO : What the fark do you mean numbers are numbers? Do you deny the fact that according to this plan, anything over 1 million is to be taxed at 75%? Vague sweeping statements? What the fark are you going on about? Your top earner statement is irrelevant. I seriously do not understand what foolish point you are trying to make here...

Saying "top earners are taxed at 75%" is not a valid statement. period. its not a complete thought and "top earners" is not quantified.

If you want to not look like a dumbass then in the future: Top earners, those who have an income of more than 1 million euro, will be taxed at 75% on every euro above 1 million

^^^ THIS is a valid statement.

"top earners are taxed at 75%" is not a valid statement, it doesnt actually say what a top earner is, nor does it describe what the tax bracket 75% affects. Its also not a valid statement because as long as tax brackets exist, you cant get taxed at the highest rate on your entire income. Someone who is paid 1 trillion euros would be taxed at 74.9999999999999%. So someone being paid 2 million is nowhere CLOSE to 75%. According to you someone who is paid 1 million and one euros is a "top earner" and is being taxed at 75%, this is pure 100% misleading bullshit, their tax rate would be under 40%

I dont know why you guys cant grasp this, i understand not everyone took calculus, but really i would think ive dumbed this down enough