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FYI, in California:

  • there is a minimum tax to be paid to the state of California of $800 per tear, even if you make zero money,

  • you collect sales tax (sort of like VAT), and repay it to the State -- very much like here, really

  • they have what they call "self-employment tax" which is the equivalent of French Social Security, ie: retirement in effect your own contribution to the Federal pension plan, based on the gross, whether or not you make a profit, like in France.

The differences between running a small business in France and in California are:

  1. No compulsory health insurance in the US: you sick, you die. If you want some, then it'll cost you about 4 to 8 times more than in France.

  2. The income tax rate & deductions are far more business friendly in the US.

  3. No URSSAF (I think the French should get rid URSSAF entirely but not even Sarko will do that)

I'm not judging; the only thing I'm saying it's not what people here seem to think in the capitalists' paradise either.
by Lupin on Sat May 5th, 2007 at 09:26:55 AM EST
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