Millions of French will escape the tax increase: here’s who will be spared

2024-09-22 08:44:11

The rumors of the last few days have shocked many taxpayers.

However, the head of the future government would have provided some food for thought to several interlocutors. Most French people who say they are raising taxes say they pay more to the tax authorities when they file their taxes. However, this is not exactly the plan.

Although many voices have been raised to criticize the idea put forward by Michel Barnier, the latter’s ambition is to “move in the direction of greater tax justice”. Understand: Not everyone will be affected by the possible future increase. The Prime Minister already has goals in mind.

According to rumors that have been circulating for days, the poorest families and the middle class should not pay more income taxes. It is high incomes who are in Matignon’s sights. Second a study of the Research Center for the Study and Observation of Living Conditions (credic), the course concerns people who earn, individually, 4,050 euros net per month and more. If this threshold is maintained, 90% of the population will no longer have to pay taxes. 36 million French people – the number of families subject to this income – would thus be exempt from putting a little more money in their pockets.

At the same time, ways are also opening up to tax the richest (a return of the ISF with a threshold of 1,300,000 euros?) and increase taxes on large companies – not on SMEs (fewer than 250 employees and a maximum turnover of 50 million euros per year) appear to be expected. In short, the vast majority of French people do not have to worry about a project that is more than embryonic. Unless a VAT increase is put on the table… This would be one of the projects of the new Economy Minister Antoine Armand.