French court upholds high income tax FRENCH President Francois Hollande has finally got his super tax on high incomes with the country's highest court upholding the law's latest version. Hollande originally promised a 75 per cent tax on income over 1 million euros ($A1.55 million). It would have affected a tiny number of taxpayers but became a symbol of his campaign promise to make France fairer for the middle class. But the constitutional council threw out that tax as unfair. Hollande's administration rewrote the tax in the 2014 budget. It is now a 50 per cent tax paid by the employer and doesn't reduce employees' earnings. The council ruled on Sunday that the tax was constitutional. In a series of rulings on the budget, it declared a change to the wealth tax that would have taxed latent revenue unconstitutional.