A useful situation in Switzerland
In the country he resides, formula one`s highest earner - Michael Schumacher - is officially unemployed.
Because motor racing is not recognised in Switzerland, the German has registered formally as an unemployed foreigner, according to the German Tageszeitung newspaper.
Even though his annual income tops more than $50 million, the `unemployed` label means 37-year-old Schumacher only has to pay annual charges based on an income of $300,000.

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