Economy: the day of tax liberation

Economy: the day of tax liberation

Good news for purchasing power. July 19 is tax release day. Present on the set, journalist Dorothée Lachaud explains this concept.

Economy: the day of tax liberation

Today, Friday July 19, the French have finished paying their taxes, their charges, the VAT. Everyone dreams of this moment. “It is all the same the fruit of a serious calculation made by a liberal institute for all Europe. To find this result, economists take the average gross French salary in 2019 and divide it into two parts: on the one hand taxes, on the other, the amount that employees have left to live on. These sums are related to the number of days in a year. From January 1 to July 18, you work for the state. From July 19, you work for yourself“, Explains journalist Dorothée Lachaud, present on the 19/20 set.

France, European champion of tax pressure

This year, the French taxpayer has gained eight days. “There are two reasons for this. The abolition of the CICE has been replaced by a reduction in employers’ contributions, which has repercussions on the employees. The abolition of employee contributions for unemployment and sickness. This saved employees eight precious days“, Specifies the journalist. France remains despite everything the European champion of tax pressure.