75% marginal on income over 1 million. So if you make 2 million, you probably only make, like 750,000 for yourself (which isn't too bad) - if your tax accountant is useless. And if you fail, you have a safety net.
Only on _salaries_ of over a million. Except for soccer superstars, nobody makes more than a million _in salary_.
He promised it for populist reasons, but never wanted to do it; so he does it in such a way that it affects virtually nobody.
It has a nasty effect, though: it reinforces the idea that wanting to become rich is somewhat antisocial in France, and ought to be punished. A 75% tax is what you levy on vice: oil, tobacco, alcohol or lottery. This is insulting and discouraging to entrepreneurs, many of whom crave social recognition at least as much as wealth.
