That the VAT taxes consumption, something the rich do proportionally less of, is not a "loophole". It's fundamental to the design of the tax.
Re:French Entrepreneurs Revolt
by loup-vaillant on Tuesday October 09, 2012 @09:55AM
(#4631480)
Good point.
It doesn't explain everything however: The top 2% (or is it 0.2%?) pay less than 10% taxes. Direct income tax alone is supposed to approach 50% for those incomes.
Basically, the lower classes pay around 40% taxes (compared to their income). The middle class pay around 50%. Rich people pay around 30%, and the riches pay even much less (percentage wise). Apparently, wealthy people are better at exploiting loopholes in our tax system.