GP must think the maximum tax rate is reached at 5 million euro a year. In most Euro countries you're at 45% (combining both social security and income tax) at around 50k/year. Or actually close to 60% taxed if you count the 33% paid by the company in social security tax that is somewhat hidden to the employee.
In the well known tax haven where I live, Finland (sum of taxes and employee part of pension and other social security, 2020. YMMV due to municipalities setting different rates, deductions etc):
30% at 50k
40% at 100k
49.5% at 250k
52% at 500k
53.5% at 1000k
I have these handy in a spreadsheet I use to calculate.. things. (Nope, not making enough yet for special arrangements to make sense. edit: aside from the commonly used tricks my current employer already provides)
The average in Belgium is around 45k, in Germany 47k, France is ~40k. So aside from Belgium if by close to 60% you actually mean close to 50% then yeah you’re right…
