We still ache for France — we cannot lie about that. And when people here ask us why in the world we returned to Australia, we tell them quite honestly that we were unwilling to throw away any chance of EVER retiring in 20 years simply because the French government wanted 53% of our income in taxes. And so we are back.
The situation is apparently even worse now and we’ve only been gone a few months! This article in The Local from France shares the latest tax rate being imposed on the population — a whopping 56.61%!!! But we had barely finished gasping at that number as I read it aloud to Mark when I added the information about the planned increase in 2014.
How in the name of all that is sensible and reasonable can people survive on less than 44% of their income??? The current French policies are ruining the future of their country. And reading this article today has simply reaffirmed to us that we have made the correct decision for our future.
Yes, we miss our former French life and yes, we might eventually purchase a small house back there for our retirement years, but no, we will most certainly NOT be paying such a huge whopping chunk of our income to President Hollande and his cronies. It’s a personal opinion, but I think the future of France is being washed away as more and more young people leave France as soon as their education is complete and more and more older expats choose to opt for France as their country of residency if and only if they are retired. These trends are sad, chilling, and quite counterproductive for a place that we love so dearly.
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