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I also agree that paying 40% of salary for a combination of taxes, health, unemployment and retirement schemes is not a problem.  the french get a lot for this in return.  but I'm just confused with this statement which I think refers to her own personal tax rate:,
This fiscal year, her first in business, she is benefiting from deferred labor taxes. Next year, she will pay as much as 68 percent in income taxes
which seems like a lot for someone just starting a business.  I think it must be poorly worded, and means something differently than I'm interpretting.
by wchurchill on Mon Mar 19th, 2007 at 09:08:18 PM EST
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Deferred labor taxes mean that she isn't paying for those in her first year, but will have to pay for them later... two years of labor taxes that have to be payed in a single year could add up to 68% labor taxes during the second year. It's certainly not income tax. Although i'd bet that Berenice, like most "entrepreneur", has difficulties separating revenues of the company and personal income.

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Mon Mar 19th, 2007 at 09:19:13 PM EST
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