the essential
Income taxes for 65,000 tax households will increase to contribute to the national effort and reduce France’s abysmal debt. The profiles of these taxpayers with very high monthly incomes are known.
Tax the richest. This is one of the measures planned by Prime Minister Michel Barnier for the 2025 state budget. Of the 60 billion euros to be found next year, 40 billion will come from reducing public spending and 20 billion from targeted and temporary tax increases. In his general policy speech, Michel Barnier announced upcoming tax increases for “the wealthiest French people” and very large companies.
65,000 tax households will have to pay more taxes. They are part of the wealthiest 0.3% of taxpayers. Difficult to paint their exact portrait, indicates Le Figarobut the analysis of the richest 0.1%, based on INSEE data on private salaries in 2020, already provides valuable information.
Financial advisory activities or services
Among these very high earners, nearly a quarter are salaried business managers, 18% are administrative and commercial executives and 4% are professional athletes. 86% of them work in the tertiary sector, in management consulting activities or financial services. In this privileged category are also scientific professions, specialized lawyers and artists, notes INSEE.
These high earners are most often in a relationship, most often aged over 50, and 35% have no children.
40% live in the Paris region
40% of these great fortunes live in Paris or Hauts-de-Seine. A location which can be explained by the location of the headquarters of many companies in Paris, in the La Défense business district and in the Paris region. Other great fortunes live in the regions of Lyon, Marseille and Lille.
The wealthiest taxpayers are not the only ones who will have to participate in the collective effort. Around 300 companies, which have more than a billion euros in turnover, will have to provide “a temporary exceptional effort”, said Michel Barnier, Thursday evening on France 2, for “a year and perhaps two years “.
The Prime Minister repeated it at the Livestock Show in Cournon-d’Auvergne (Puy-de-Dôme) on Friday: “braking” is “indispensable”, “otherwise we are heading straight towards a financial crisis. It is ahead We have to warn her.” The Prime Minister will present the 2025 state budget on Thursday October 10. Two days earlier, next Tuesday, he will have to face a first motion of censure signed by 192 deputies of the New Popular Front.
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