You can regard this as a wealth tax! It's more than "just a tax". Any time any French citizen makes more than 1 million EUR, the French government will take 75 % away. This is why actor Gerard Depardieu moved out of the cheese eaters' country to the vodka drinkers' country First Cyprus (deposit tax), then France (millionaire income tax): http://world.time.com/2013/12/29/court-upholds-frances-75-percent-millionaires-tax/ Why do I say it's a wealth tax? Well, 1 million EUR would become the profit maker's wealth, but the French government "prevents" it. It's like eating the egg before it hatches. I reckon, it's even worse than a (conventional) wealth tax. These kinds of taxes prevent wealth creation. People will start moving out of Europe to even 3rd World countries to save their income & wealth.