French court overturns "millionaire tax"

Not in principle, though: The court's ruling took issue not with the size of the tax, but with the way it discriminated between households depending on how incomes were distributed among its members. A household with two earners each making under €1 million would be exempt from the tax, while one with one earner making €1.2 million would have to pay.

And this:

The largely symbolic measure would have only hit a tiny number of taxpayers and brought in an estimated €100 million to €300 million - an insignificant amount in the context of France's roughly €85 billion deficit.

In recent weeks, Gerard Depardieu — France's most famous actor — announced his intention to turn in his French passport and move to a village in a tax-friendly Belgium.

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