Declining Purchasing Power: Families Today Pay 14% More IRPF than in 2008 with an Income Still 5% Lower

Spanish families today have a lower real net income than 2008 and, however, pay more IRPF than then, mainly due to the impact it has had on...

The big tax collector, the one that is giving the most joy to square the government accounts, is also one of the main brakes to the growth of the disposable income of the households. The Spaniards pay for the Tax on the Income of the Physical Persons (IRPF) almost 15% more than in 2008, while the wealth of the households is, on average, still 4% lower than that of the year in which the real estate bubble exploded. This is one of the conclusions …