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French Income TaxPersonal liability for French income tax will obviously vary depending upon the difference circumstances of the taxpayer. One of the guiding principles is that families and children are encouraged with reasonably generous tax breaks. For example someone who is married and works with a spouse who looks after their two children will generally pay half the tax of a single person with no children. The rate of tax varies from 0 % to 40%. Using 2006 figures a single person earning between 24,872 to 66,679 euros would pay a top rate of 30% tax on that amount, with a maximum cap of 14,764 euros payable on that band of earings, whilst a married couple would have to earn between 69,342 to 133,358 euros to pay a top rate of 30 % with a maximum cap of 25,131 euros payable on that band of earnings. Pension income for those over retirement age is taxed reasonably in France but beware of other taxes and charges levied upon this and other income, such as the "cotisations", which are briefly mentioned below. Obviously these rates of tax may well be subject to change soon. All information contained in these pages is for personal use only. Content may not be copied, reproduced, republished, downloaded, posted, broadcast of transmitted in any way without first obtaining express permission. |