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I was reading about the “electrical fire” at the Notre Dame Cathedral and came across this:

“Although all French polls show that Macron’s popularity has remain depressed since a tax increase on retirees last year, they suggest his party may be ahead in France’s May 26”

“a tax increase on retirees”

So what would that be? A property tax specifically for retirees? Taxing their pensions?

Low wage earners in France are already taxed about 50% to pay for all the free stuff. For example, they have free day care for working mom’s. But if your married and have a working husband and you also have a job, your at the bottom of the list for a spot for the free daycare. Usually the wait time is 5 years, but by then the child is in kindergarten.

“a tax increase on retirees”

So what would that be? A property tax specifically for retirees? Taxing their pensions?


Really no different than taxing Social Security! For all practical purposes Social Security is a tax and when you draw social security it's taxed, so your getting taxed on a tax!

Jason Todd wrote: ↑Fri Apr 19, 2019 11:26 am I don't think it's a tax on retirees as much as a cap on tax free pensions. It looks like the first 1200 Euros per month is excluded from income taxes, but taxable after that. IANF

We already have that in the U.S. I figured out my taxes this year based on my small pension. Then I added in my Social Security and my tax burden jumped significantly. I bought a tax free municipal bond before I started Social Security. It became taxable as soon as my Social Security payments began.

Darned Taxes. People that think it's easy being retired, haven't tried to do the taxes.

I don't intend to retire. I'll work until I die.

cirus wrote: ↑Sat Apr 20, 2019 8:46 am I don't intend to retire. I'll work until I die.

I understand if you work and collect social security at the same time you are heavily taxed.

Anyone know how bad?

philip964 wrote: ↑Sat Apr 20, 2019 10:04 am

cirus wrote: ↑Sat Apr 20, 2019 8:46 am I don't intend to retire. I'll work until I die.

I understand if you work and collect social security at the same time you are heavily taxed.

Anyone know how bad?

A couple with a combined annual income between $32,000 and $44,000 will pay tax on 50% of their SS income and pay tax on 100% of their non-SS income.

A couple with a combined annual income over $44,000 will pay tax on 85% of their SS income and pay tax on 100% of their non-SS income.

Grumpy1993 wrote: ↑Sat Apr 20, 2019 12:29 pm

philip964 wrote: ↑Sat Apr 20, 2019 10:04 am

cirus wrote: ↑Sat Apr 20, 2019 8:46 am I don't intend to retire. I'll work until I die.

I understand if you work and collect social security at the same time you are heavily taxed.

Anyone know how bad?

A couple with a combined annual income between $32,000 and $44,000 will pay tax on 50% of their SS income and pay tax on 100% of their non-SS income.

A couple with a combined annual income over $44,000 will pay tax on 85% of their SS income and pay tax on 100% of their non-SS income.

Do you still contribute to SS when you work? I’m asking but I’m assuming you still do, as it’s free money for the govt.

I guess if your over 70 your also forced to declare a part of IRA’s as income as well.

The yellow vests were out protesting. They were incensed that the French rich were so quick to donate millions to Notre Dame. They may get a deduction, your paying 90% tax why not.

Unlike here in the US, French working poor pay high taxes. Since there is so much free stuff, if you work you pay. A French friend showed me his first US pay check. He was concerned his employer had not taken enough out of his paycheck for taxes. He was used to 50%. At the time he made about 15 euros an hour in France.

philip964 wrote: ↑Sat Apr 20, 2019 6:07 pmI guess if your over 70 your also forced to declare a part of IRA’s as income as well.

A traditional IRA is a tax deferred account. You don't pay income tax on what you contribute, so you pay income tax on withdrawals. If you want withdrawals to be tax free, contribute to a Roth IRA with post-tax money. Uncle Sam is getting his bite one way or another.

Unlike here in the US, French working poor pay high taxes. Since there is so much free stuff, if you work you pay. A French friend showed me his first US pay check. He was concerned his employer had not taken enough out of his paycheck for taxes. He was used to 50%. At the time he made about 15 euros an hour in France.

TANSTAAFL

https://nypost.com/2019/05/19/footage-s ... -terminal/

Hundreds of migrants occupying French airport terminal.

Reap what you sow.

philip964 wrote: ↑Mon May 20, 2019 10:20 am https://nypost.com/2019/05/19/footage-s ... -terminal/

Hundreds of migrants occupying French airport terminal.

Reap what you sow.

The Gaul.

Redneck_Buddha wrote: ↑Mon May 20, 2019 10:25 am

philip964 wrote: ↑Mon May 20, 2019 10:20 am https://nypost.com/2019/05/19/footage-s ... -terminal/

Hundreds of migrants occupying French airport terminal.

Reap what you sow.

The Gaul.

EXCELLENT pun, my man!

JustSomeOldGuy wrote: ↑Mon May 20, 2019 10:36 am

Redneck_Buddha wrote: ↑Mon May 20, 2019 10:25 am

philip964 wrote: ↑Mon May 20, 2019 10:20 am https://nypost.com/2019/05/19/footage-s ... -terminal/

Hundreds of migrants occupying French airport terminal.

Reap what you sow.

The Gaul.

EXCELLENT pun, my man!

https://www.france24.com/en/20190612-fr ... ome-images

France’s Le Pen to go on trial for tweeting gruesome images of the ISIS terrorists atrocities to French men and women in Paris in 2015.

Inciting the public by showing them what happened.

Illegal in France and unfortunately a lot of places.

https://nypost.com/2019/06/26/burning-c ... osecutors/

Burning cigarette or electrical problem, but not arson may have caused fire at Notre Dame prosecutors say.

Uh huh. OK.