Edit, FYI: - 14% from 9 964 € to 27 519 € - 30% from 27 519 € to 73 779 € - 41% from 73 779 € to 156 244 € - 45% beyond 156 244 €
And the table here for the social contribution that are taken out of your pay before the taxes above are applied: https://fr.wikipedia.org/wiki/Cotisations_sociales_en_France...
- 23.5% for tax credit for other people (i.e. think about solar panels, etc.)
- 15.7% for primary/secondary education (i.e. from kindergarten to 12th)
- 13.6% for counties and other local / regional structures.
- 11.5% for interest on the debt.
- 9.35% for the Defense budget.
- 6.35% for Universities (education and research) => This is paying for ~ free education!! Probably the best deal in the French system compared to the USA.
- 5% for Europe
- 4.3% Police
- 1.9% Judiciary
After taxes, insurance and maxing out my 401k (i.e. all the stuff that comes out of my paycheck) I take home 56% on the East coast (in a high tax state no less). I also pay less sales tax and transportation costs than I would in CA and I can afford a house with less than six figures (gross) household income.