This policy brief analyzes the redistributive effects of the social and fiscal policy measures for households coming into force in 2020. Our results highlight an average gain of 1% in disposable income for the 60% of households located in the middle of the income distribution, with a standard of living between 1,274€ and 2,803€ per month.These increases in disposable income for the middle classes are partly explained by the latest wave of housing tax cuts. The income tax cut is the other important measure of the 2020 budget, and leads to greater gains for households above the median, with a standard of living above 1,778€ per month. The poorest 8% of households, below 837€ per month, and the wealthiest 5% of households, above 4,034€ per month are little affected by the socio-fiscal measures coming into force in 2020.
In this report, we estimate the reactivity of dividend decisions by French firms and dividend receipts by French households to the removal of a flat tax on dividends in 2013 and its reinstatement in 2018. The flat tax removal caused a decrease in dividends so large that the tax increase generated a significant fiscal revenue loss. Firms that decided to distribute fewer dividends saw their annual earnings decrease by almost as much as the increase in retained earnings, as a result of which corporate investment was left unaffected.
This brief studies the tax and social security reforms affecting households, introduced by the 2019 French budget, including the most recent measures announced in response to the “gilets jaunes” movement. The results reveal a mean increase in disposable income of nearly 1 % for a large share of households, mainly those receiving the in-work benefit ("prime d’activité") and households affected by the reduction in the housing tax ("taxe d’habitation").
Le revenu de base est une proposition de réforme qui vise à instaurer un revenu minimum garanti à tous, unique, automatique et inconditionnel. Il permet de répondre à certains défis actuels ; simplification, lutte contre le non-recours et amélioration des incitations à l’activité. Cet article détaille et simule un scénario de réforme, sans perdants, qui coûterait 11,5 milliards d’euros. D’autres scénarios, à budget constant, sont possibles mais engendreraient des perdants.