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No, he's talking about total effective taxes in France. That includes things such as VAT.

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.



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.


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.




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