Cincinnati Tax Resolution Powered by Toph Sheldon 9200 Montgomery Rd., Ste. 7B Cincinnati, OH 45242
PRST STD US POSTAGE PAID BOISE, ID PERMIT 411
513-513-8674 513TAX.COM
INSIDE
1
The Life Lessons Kids Learn From Playing Hard
2
Baseball Pride on the World Stage Toph’s Triumphs: Coming Clean on Past-Due Taxes Yields a Refund! Ashley’s Corner: Strategies for Turning Kids Into Readers Moroccan-Spiced Chicken and Couscous Skillet
3
4
Toph’s Tax Nightmares: An Actor Makes a Taxing Move to France
THE COST OF LIVING ‘LA VIE FRANÇAISE’! TOPH’S TAX NIGHTMARES!
Many people planning a move seek out low-tax havens, including states or foreign islands with no personal income tax. Oscar-winning actor and producer George Clooney has done the opposite. France recently granted citizenship to Clooney and his wife, Amal, with whom he has 8-year-old twins. With dual citizenship in France and the U.S., Clooney may find he is paying far higher taxes.
rate of 55.9%, according to the Tax Foundation. Those rates compare with the U.S.’s highest rate of 37% in 2025.
Clooney, who was born in Kentucky, also is able under French law to retain his U.S. citizenship. If he resides in France for tax purposes, income he earns anywhere in the world will be subject to taxes in both countries. But under a tax treaty between the U.S. and France, he won’t have to pay double taxation. Instead, he will pay taxes at the higher of the two countries’ rates, which is not exactly a great deal.
In discussing the move with a French broadcaster, Clooney cited France’s privacy laws and culture as the main reason for his move.
“Here, they don’t take photos of kids … There aren’t any paparazzi hidden at the school gates.
That’s No. 1 for us.” He also describes the family’s farmhouse in Provence as a wonderful place to raise children.
Referring to the actor by the French form of his name, Georges, France’s Foreign Ministry said he was eligible for naturalization as a French citizen based on a French law that allows that privilege for immigrants who contribute to the country’s influence and economy. Based on Clooney’s current tax outlook, his contribution to the economy is likely to be substantial indeed!
France, however, levies some of the highest personal income taxes, with a top marginal rate of 45% plus a 9.5% “social surcharge.” As of 2025, only Denmark imposed a higher marginal
4 • 513-513-8674
DON’T LIVE IN FEAR - TOPH IS HERE!
Made with FlippingBook Ebook Creator