After paying his taxes, here is the amount left to a millionaire person. An amount that may surprise more than one!
We have all wondered, one day, how many taxes pay the richest. This question is often asked with a touch of curiosity, but also of annoyance, especially when we see the amount that starts each year from our own tax sheet. In 2023, a study by the Institute of Public Policy has shown that beyond a certain income threshold, the tax rate drops for ultra-cheat. For example, the richest 0.1 % pay, in proportion to what they earn, less taxes than the average of the French. What to strengthen the idea, in many, that the tax system does not treat everyone in the same way. But then what is it really?
On the Tiktok social network, the @professor.financ account, specializing in investment and finance, has demonstrated it in one of its recent videos. To illustrate his words, he took the example of a married man, without children, at the head of a large French company which allows him to pay a salary of one million euros net per year. His net monthly income is 83,000 euros. With such income, how much does it pay taxes? The specialist explains to us that as a couple married without children, his family quotient is two tax shares. Knowing this comes the time to calculate the taxable net income.
@Professor.finan Paul wins 1,000,000 per year but how much does he really have after taxes? In this video, I show you the real calculation with all the slices, the abatements and the exceptional contribution. You will see how much he pays and how much he has it left. Spoiler: It is much less than what you think. And if you want to understand the rules of taxation, linvesting and largent, I wrote a book on financial leching, available directly in my organic. This is not a tax council. Always train before making decisions. #impots #Fiscalite #argent #livrefinance #optimizationfiscale #EducationFinanciere Original Sound – Professor Finance
In this specific case, the 10 % income reduction applies. It is capped at 13,522 euros, which gives a net taxable income of 986,478 euros. This amount must then be divided into two, since there are two tax shares, or 493,239 euros per share. On this taxable income, the taxman applies the tax tranches, which results in 199,100 euros of tax per share, or 398,200 euros in total for the two shares. But that’s not all. As the man in question declares very high incomes, an exceptional contribution is added. “We take the reference tax income, therefore 986,478 euros and we withdraw 3% on the share of 250,000 euros, which makes 7 500 euros in more tax to pay, and another 4% on the share greater than 500 000 eUros, which makes 19,459 euros in additional taxes“Explains the expert in his video. At the end, the couple ends up with a total annual tax of 425,159 euros, or around 35,430 euros to be paid every month at the taxman.
For his part, out of his 83,000 euros in monthly salary, he remains for humans around 47,570 euros net of income per month after taxes, just over half. If he was not married, he would have paid more taxes per year, 448,065 euros to be precise, or 37,338 euros per month. This is 1,908 euros more to pay per month to the tax administration.
