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For Eric Zemmour, owning a main residence worth 1.3 million euros is not enough to enter the category of “rich”. It is the value, deducted, from which an owner is liable for the real estate wealth tax (IFI).
A tax “confiscatory” which does not only affect “rich” or supposedly such: for Eric Zemmour, there is no question of keeping the tax on real estate wealth (IFI), which replaced the wealth tax (ISF) deleted by Emmanuel Macron in 2018. Franceinfo guest on Monday November 22, Eric Zemmour believes that this tax does not only affect “rich”. “People subject to the new form of wealth tax are often not particularly wealthy people, they just have a nice apartment in Paris.”
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The real estate wealth tax relates to real estate assets with a total taxable value greater than 1.3 million euros, loan reimbursed, and a reduction of 30% on the value of the main residence. Or a property worth 1.9 million euros. For Eric Zemmour, owning a property of this value is not enough to fall into the category of “rich”. “Housing prices have increased considerably in Paris. (…) 1.3 million in Paris is 100 square meters. It is not what we call the rich. The rich, they all have the means, with their tax specialists, to get around this rule. ”
According to the Directorate General of Public Finances (DGFiP), a little over 143,000 households sent an IFI declaration in 2020. In Paris, where real estate prices flirt with 11,000 euros per square meter on average, there are nearly 38,000 households subject to the IFI. Finally, according to INSEE, only 1% of French households have gross assets exceeding 1.9 million euros.