High taxes, but it pays for free healthcare, free education, 5 weeks vacation, and one of the world's best social safety nets.
| Taxable Income (€) | Rate |
|---|---|
| €0 — €11,294 | 0% |
| €11,295 — €28,797 | 11% |
| €28,798 — €82,341 | 30% |
| €82,342 — €177,106 | 41% |
| Above €177,106 | 45% |
Household-based (quotient familial) — families with children pay less! Net salary = ~70-75% of gross (after social charges + income tax).
• Employee pays ~22% of gross salary
• Employer pays
~42%! (on top of gross)
• Pays for: healthcare, pensions, unemployment,
family
• This is why "gross" salary is much higher than "net"
• Total tax
burden ~46% GDP (one of highest in world)
• 20% standard (most goods/services)
• 10% restaurants,
transport, renovations
• 5.5% food, books, energy
•
2.1% medicines, newspapers
• Tourist EU VAT refund: purchases €100+
• Taxe foncière: Annual property tax (owners)
• Taxe
d'habitation: Abolished for main residences!
• IFI: Wealth
tax on real estate over €1.3M
• Capital gains: 30% flat tax (PFU)