Multiple parties are jockeying for position in the aftermath of France's seismic snap election. The leftist New Popular Front (NPF) insists its ideas should be implemented.

Multiple parties are jockeying for position in the aftermath of France’s seismic snap election. The leftist New Popular Front (NPF) insists its ideas should be implemented.

France’s left wing New Popular Front (NPF) - now the largest group in parliament - has called for a prime minister who will implement its ideas including a new wealth tax and petrol price controls.

The leftist alliance secured the most seats in the recent French elections but fell short of the 289 needed for a majority in the National Assembly, France’s lower house of parliament.

President Emmanuel Macron’s Together bloc came in second and Marine Le Pen’s far-right National Rally (RN) party finished third.

France’s parties are now jockeying for position and it’s unclear exactly how things will shake out, but the NPF has insisted it will implement its radical set of ideas.

    • atan@lemmy.mlEnglish
      9·
      5 months ago

      They do. Someone with a salary of €400,000 would take home approximately €242,000 after income tax.

      Up to €10,777: 0% tax rate
From €10,778 to €27,478: 11% tax rate
From €27,479 to €78,570: 30% tax rate
From €78,571 to €168,994: 41% tax rate
More than €168,994: 45% tax rate

      According to The EIU, the cost of living in Paris is similar to San Francisco.

    • Uruanna@lemmy.worldEnglish
      61·
      5 months ago

      Does France do graduated brackets like the US?

      Is there any place that does taxes without brackets, just flat “pass this number and suddenly lose half of everything”? Does that even exist outside the imagination of Americans who have never understood or looked at taxes? Brackets should be the definition of income taxes, is it not? It’s not an economic tariff applied regardless the volume of merchandise passing a frontier.

    • yetAnotherUser@discuss.tchncs.deEnglish
      2·
      5 months ago

      It’s still just a fraction of the top 1%. Even $400,000 in the US would put you in the top 1%, nobody needs more than this amount of money, ever.