Taxes: purchasing power could increase for a majority of French people

Taxes: purchasing power could increase for a majority of French people

The government has decided to increase purchasing power aid such as lowering income tax for 95% of the French. What is it concretely?

Taxes: purchasing power could increase for a majority of French people

The government has decided to make a gesture for purchasing power. Who is affected and for what amount? For an employee who receives 1,500 € net per month, he should, next year, benefit from the reduction in income tax (350 € per year) decided by the majority. His housing tax should also drop and he would then save € 300 per year. He could also earn more through overtime without charges or taxes. To this must be added the activity bonus which would then amount to € 1,080. At the end of 2020, this employee could earn more than € 2,450.

5% of taxpayers will not see their taxes cut

Retirees could also gain purchasing power with more than € 1,100 in their wallet and a couple earning € 5,000 per month would see themselves with purchasing power of more than € 680. However, 5% of the richest taxpayers will not see their taxes drop and 20% of the French will have to wait until the end of the five-year term.