The French will not pay “more taxes” because of salary increases linked to inflation, assures Bruno Le Maire – Le Figaro

The objective is to avoid “threshold effects”, according to the Minister of the Economy. The French who obtain salary increases from their employer to cope with inflation will not pay “more taxes” because of this revaluation, assured Wednesday the Minister of the Economy Bruno Le Maire. Read alsoElectricity: Bruno Le Maire promises that there will be “no catch-up on electricity bills in 2023” “We are going to index the income tax scale to inflation to avoid these threshold effects , where people (…) switch to income tax or an additional slice” due to a salary increase, said the number two of the government on BFM TV / RMC. “It is out of the question that employees pay more income tax or fall into the income tax scale because of inflation”, measured at more than 5% over one year by INSEE in May. The indexation of the income tax scale to inflation, which will materialize in the 2023 finance bill that the government must present at the start of the school year, is a common operation. Since 1969, the scale has been updated each year to take inflation into account, except in 2012 and 2013, specifies Bercy. Inflation that will last But the financial and fiscal stakes for the State are particularly important this year, due to inflation which has reached levels not seen since the 1980s in recent months. Bruno Le Maire recalled that the objective of the government was to protect the French as long as “inflation lasts”, “certainly still a few weeks or a few months”. The Minister of the Economy foresees a return to normal for the beginning of 2023. The income tax entry threshold is currently set at 10,225 euros per year for a single person. The income tax schedule has four brackets, with tax rates ranging from 11% for the lowest incomes to 45% for the highest. SEE ALSO – Inflation: the “cap on electricity prices maintained for 2022 without catch-ups”, assures Bruno Le Maire