While tax cuts are announced for households in 2020, Nicolas Barré takes stock of what lies ahead.
The government will lower the tax burden on households. A little more than 9 billion euros in tax cuts are planned for next year.
9.3 billion less exactly according to our information, a figure that also includes tax increases such as those on tobacco or the rise in energy taxation. The tax burden will therefore drop sharply, a little over nine billion euros for households next year. Over three years (2018, 2019, 2020), household taxes will have fallen by 20.6 billion, still in net. It is necessary to go back to 20 years, end of the years 1990, government of Lionel Jospin, to find a comparable figure. In terms of drops next year, two big pieces. Five billion less income tax for the middle class and the last stage of the abolition of the tax for 80% of French residents.
That being the case, not all households are housed in the same way?
No, take the example of the housing tax that is maintained for the richest 20%. Who are they? Not big fortunes. You find there often taxpayers who, unlike the wealthy, paid ISF only on real estate (so for them the ISF reform voted at the beginning of the five-year period does not change anything), they continue to be taxed on the property. 'immovable. It is also these same upper middle classes who have been subject to the cap on the family quotient decided under the previous five-year period. In short, senior executives, doctors, business leaders who are not fortunate enough to benefit from the end of the TFR but a little too much to take advantage of the majority of tax cuts. For them, the tax bill remains heavy.