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Lower taxes for less thought

July 22, 2007

The new French leadership suggests the country quit thinking so much and instead work more.
To reward less thoughtful activities, the government is proposing lower taxes, especially on the wealthy.

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That approach, according to an article in today’s New York Times, is not going over so well with many in "the country that produced the Enlightenment, Descartes’s one-liner, ‘I think, therefore I am,’ and the solemn pontifications of Jean-Paul Sartre and other celebrity philosophers."

But such protests aren’t swaying President Nicolas Sarkozy (whose driving force, says the paper, is doing rather than musing) or his administration.

Last week French Finance Minister Christine Lagarde, in addressing the National Assembly, cited Alexis de Tocqueville "Democracy in America" and said the French should work harder, earn more and be rewarded with lower taxes if they get rich.

If this political trend continues, France is on the fast track to becoming America’s new best friend, which would eliminate, at least for a while, the need to rename a favorite U.S. snack "freedom fries."

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments
  • I am from France but have never actually worked or paid taxes there. It’s about time someone says out loud what everyone’s been thinking.
    French people are too assisted, and need to get of their butts, stop complaining and asking for aids and assistance and start working.
    (I would hate to have to order freedom fries again 😉 )

  • Today in the Boston Globe: French urged to roll up yoursleeves

    I have a little secret! Im hoping that this will not make my already very low traffic go even lower: I am from France And Ill let you take a moment to curse the living hell out of me
    ok, lets keep going, shal…

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