[Closed] France abandons 75% tax rate

Is tax optional?

Yes, you can opt out of paying tax by giving all your income save the amount covered by the personal allowance to charity. There are people that do this.

EDIT: Actually I am not sure you can do this anymore, as some avoidance schemes were artifically using charitable giving.

There is a limit of £50,000 of deduction so it is only optional to those earning less than £60,000.

or put it into your pension, thereby reducing your income tax

or you could use it to set up a second career, (for example possibly building it for the first couple of years whilst incurring significant losses, which can be written off against your main job to reduce your taxable income)

or become a shareholder or director of your company and receive dividends instead of a salary

etc.

The limit still applies to pension contributions and losses. (It is actually £50,000 or 25% of income, so the latter limited will always mean you are paying tax.)

if you are doing work and being paid for it that the money is yours in return for the job done. You may be PAYE, you may be setup as a company. In the latter case tax is paid later and the amount can vary a lot depending upon offsets.

I really need one of those facepalm images to post here.

The [b]second[/b]-most spoken primary (Belgian) language, used natively by almost 40% of the population, is French 😛

I really need one of those facepalm images to post here.

We are not being pedantic. Your wages are 100% your money. End of story.

Except for the bit you don't get to keep.

Konabunny is right and your argument* is flawed.

EDIT: * regarding the use of a company.