The tax on Great Fortunes was born as a political tax, aimed at neutralizing the tax credits of Madrid, Andalusia or Galicia, and thus apply a fiscal homogenization. And the collection results confirm this, showing that the vast majority of the accumulated collection in 2023 comes from the Madrid community. 90%, specifically.
According to data from the Ministry of Finance, the tax collected a total of 623 million euros, of which 555 million came from the 10,302 Madrid filers. In addition, Andalusia contributed 29 million more, and Galicia another 9.8 million.