Exceptional contribution on high incomes (3% and 4%)

Article 2 of the 2012 Finance Act creates the exceptional contribution on high incomes (Article 223 sexies of the General Tax Code). It equals 3% of the share of reference taxable income between €250,000 and €500,000 for a single person (€500,000 to €1,000,000 for a couple) and 4% above. A smoothing mechanism applies to exceptional income. It applies from the taxation of 2011 income until the taxation of income for the year in which the public deficit is zero.