Budget 2025: with the announced tax increase, are you among the households that will have to pay more ?

Prime Minister Michel Barnier presented the budget to the Council of Ministers on Thursday, October 10. The budgetary effort required to reduce the deficit is colossal. Among the options discussed, a tax increase, which will only affect one category of the population.

To reduce the deficit, the government is considering a budgetary effort of €60.6 billion via a reduction in public spending (€41.3 billion) and increases in tax revenue (€19.3 billion). It is in this sense that avenues were presented this Thursday, October 10, by Michel Barnier in the Council of Ministers, before the examination of the draft finance law in the National Assembly.

Many measures are on the table: savings on pensions, communities, social security, but also an increase in taxes for large companies, as well as for certain individuals.

Who will be affected?

In this sense, the government intends to increase taxes for the wealthiest households to generate two billion euros in tax revenue in 2025. The measure will be temporary, lasting three years.

The taxpayers whose reference income exceeds 250,000 euros for a single person and 500,000 euros for a couple. That is 65,000 tax households, representing 0.3% of the total, whose minimum tax rate will reach 20%.

The government had begun to prepare minds for this announcement for some time. On Thursday, October 3, Laurent Saint-Martin, Bruno Le Maire's successor at Bercy, had already mentioned this category of the population on the Télématin set on France 2.  "We're talking about 0.3% of households", indicated the Minister of the Economy. "We're talking about the wealthiest of the wealthiest". And to illustrate with more precision, he cites a "household without children who earn an income of approximately 500,000 euros per year."