Housing tax: the reform has enabled a purchasing power of almost 40 billion € since 2017

This is evaluated by the Directorate General of Public Finances (DGFIP).This Bercy administration also estimates that 13.1 billion euros are reduced to the income tax in 2020 in 2020.Without taking into account the collective consequences of these drops.

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It was a flagship reform of the Emmanuel Macron program for the 2017 presidential election.The removal of the housing tax on the main residences for most households caused a total gain of € 39.3 billion, announced Tuesday, September 20, the Directorate General of Public Finances (DFGIP), confirming information from the Parisian.

"At the national level, the total cumulative gain of household tax cuts throughout the five-year period (May 2017-May 2022) amounts to € 39.3 billion for the abolition of the housing tax", atprofit of 24.6 million households, "and € 13.1 billion for the drop in income tax", for the benefit of 18.2 million households, specifies this administration from Bercy to family file.

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The housing tax due on the main residences has gradually disappeared.For 80 % of tax households, the tax was eliminated in 2020, after being reduced by 30 % in 2018 and 65 % in 2019.For 20 % of the wealthiest households, the drop reached 30 % in 2021 and 65 % next year.In 2023, unless changing the rules likely to intervene after the presidential and legislative elections, the housing tax will be completely deleted on the main residences, while remaining due to the secondary residences.

The decrease in the income tax scale, implemented from 2020, had been desired by the executive among the measures designed to appease the anger of the movement of "yellow vests".

Tax cuts for the richest households

The DGFIP, administration of Bercy which is the voice of the tax balance of Emmanuel Macron, therefore estimates a total of € 52.4 billion the tax amount saved by households due to the reforms initiated during the five-year term.Such an amount does not take into account the collective consequences of these reductions, such as the increase in public debt and the narrowing of financial room for maneuver.

It excludes highly criticized aspects of the fiscal policy of the five -year term: the sums saved by the wealthiest households due to the transformation of the solidarity tax on wealth (ISF) in property wealth tax (IFI), andof the creation of a single flat -rate levy (PFU), which has induced a reduction in the taxation of capital income.Also promised by Emmanuel Macron in 2017, these two reforms, entry into force on January 1, 2018, are denounced by the left and by the movement of "yellow vests".

The persistent refusal to increase the imposition of the rich

At the time of the health crisis, which required a spill of public money and revealed in broad daylight the repercussions of the lack of means of the hospital, from the votes to the left demand an increase in taxation striking the richest people.The executive and the majority refuse to change course, believing that their policy has attracted investments and therefore supporting economic activity before the pandemic.

If the public debt has risen to a record top level since the Second World War, to almost 120 % of the gross domestic product (GDP), the maintenance around 0 % of the interest rates of the obligations issued by the State to beFinancing avoids considering a massive increase in taxes.

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