Thursday, 16 September, 2021

Withdrawal of the ISF: the reform favored the biggest fortunes


The Senate Finance Committee published a first evaluation report on the abolition of the solidarity tax on wealth (ISF).

Withdrawal of the ISF: the reform favored the biggest fortunes

On the set, the journalist David Boéri returns to the results, published by the Senate on Wednesday, October 9, of the abolition of the solidarity tax on wealth (ISF). “The Senate confirms that the number of taxpayers has dropped drastically: in 2017, 348,902 households paid the ISF. In 2018, only 120,701 households were liable to tax on real estate wealth (IFI)“, Indicates the journalist. It is almost three times less.

Lean invoice

It is not just the number of taxpayers that is declining. Those who paid the IFI had a lower bill compared to what they gave for the ISF: on average -10,392 euros per household. At the top of the scale, the payoffs are huge. The tax for the 100 largest taxpayers fell from an average of 1.42 million euros per household in 2017 to 230,000 euros. This is six times less, although it should be noted that these tax homes also pay millions of euros in income tax.