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mainer

(12,554 posts)

40. With wealth tax at 1.8%, it's possible

Mon Dec 17, 2012, 04:19 PM

Dec 2012

As I pointed out below, his net worth is estimated around $120,000,000. He pays about 2.2 million dollars annually in wealth tax, exclusive of income tax. If he earned 4 million dollars last year (and he hasn't made a hit movie in years; I don't know many Hollywood actors his age who are in the 4 million plus category) and his income tax was 46%, then he owes about 2 million dollars in income/welfare taxes.

Add it up: $2.2 in wealth tax plus $2 million in income tax = $4.2 million dollars in taxes owed.

On 4 million dollars of income.

In France, it's possible to owe more than 100% of your income in taxes.

Help me figure out where I'm obviously wrong. (I don't have Depardieu's annual income -- that's the missing X.)

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Depardieu says he paid 85% of his 2012 income to taxes [View all] mainer Dec 2012 OP

RWNJ Sarkozy supporter. Meanwhile, France subsidizes the movie industry which allowed him to JaneyVee Dec 2012 #1

Nothing, I messed up. Rex Dec 2012 #2

What mistake did I make? mainer Dec 2012 #4

Sounds like Gerard (sp?) is making a smart move... n/t a geek named Bob Dec 2012 #3

Nobody pays 85 % of its income in taxes in France. This is bull. Mass Dec 2012 #5

Guess the press will have to take it up with Depardieu mainer Dec 2012 #6

I think I found the explanation for the 85% mainer Dec 2012 #9

Well, it is obviously junk, and people should know. Mass Dec 2012 #10

If you pay quarterly, it's possible to have paid your 2012 taxes mainer Dec 2012 #14

Still does not work that way in France Mass Dec 2012 #19

Probably catching up with past years' income muriel_volestrangler Dec 2012 #11

You may be on something here. Mass Dec 2012 #20

He's leaving because the president plans on raising the tax to 75% TexasBushwhacker Dec 2012 #22

Another pile of crap. Some people are leaving. Mass Dec 2012 #23

There's plenty of rich Arab oil sheiks around who will buy up the mansions Cleita Dec 2012 #26

Gentrification! AngryAmish Dec 2012 #36

This message was self-deleted by its author mainer Dec 2012 #37

With wealth tax at 1.8%, it's possible mainer Dec 2012 #40

There are alot of others who pay 85% of their income in taxes. aandegoons Dec 2012 #7

I'm trying to come up with a calculation for this to happen mainer Dec 2012 #24

Your right it can't happen my bad. aandegoons Dec 2012 #29

Well, you know, I'm always ready and willing to be proven wrong mainer Dec 2012 #31

And ready and willing to believe. aandegoons Dec 2012 #32

Until you can prove it's wrong. mainer Dec 2012 #33

Errr... Mass rebutted the whole thing. aandegoons Dec 2012 #34

Wow, Mass has Depardieu's tax statement, that's amazing. mainer Dec 2012 #35

I am sure you are. aandegoons Dec 2012 #38

Better than Romney, who dodges taxes, yet keeps his passport and SS card... Barack_America Dec 2012 #8

****BULL*** uponit7771 Dec 2012 #12

I'm sure there will be lots of movie offers for him in France once he renouces LiberalFighter Dec 2012 #13

Depardieu is mostly a lazy actor. JDPriestly Dec 2012 #15

Selling his home in France for $65 million LiberalFighter Dec 2012 #16

marginal tax rates under Eisenhower in US: 93% librechik Dec 2012 #17

Except in France, I think they actually collect those taxes mainer Dec 2012 #18

they got tax breaks to invest in new equipment and so on--it worked to keep infrastructure going librechik Dec 2012 #41

Yup, because being limited to only $100M just isn't enough. WTF is wrong with these people? n/t Egalitarian Thug Dec 2012 #21

Someone's comment about the guy. LiberalFighter Dec 2012 #25

This thread just barely survives a jury vote Capt. Obvious Dec 2012 #27

If I'd posted the same story from the New York Times, would it get alerted as well? mainer Dec 2012 #28

This isn't the first time that I've seen an alert hughee99 Dec 2012 #44

Good -- that should happen here, too obamanut2012 Dec 2012 #30

So what? He still has to pay French taxes on French investments. ieoeja Dec 2012 #39

Really? SomethingFishy Dec 2012 #42

I posted a 4-paragraph excerpt of the article. mainer Dec 2012 #43

More on the French reaction mainer Dec 2012 #45

Adieu, rape defender Depardieu. Starry Messenger Dec 2012 #46