Even though some insist on denying it gender inequality remains a reality even among rich classesSituations where the weight of inheritance or tradition causes the differences between men and women to be actually greater than those of the population as a whole. At least that’s what the latest data suggests. wealth tax It has been recently published by the Tax Office and shows thatAverage wealth of female taxpayers Persons liable to pay this tax in the Valencian Community 23% lower than those declared by male taxpayers.
In particular, average assets men borders rich in autonomy 3.3 million eurosYes women have to “make do with” 2.5 million euros. That is 23% less. A striking difference in salary levels between both genders overall, exceeding even the current 19%, according to the tax office.
As the chairman of the Financial Commission of the Alicante Association of Economists recalled, Antonio Perez RoviraThis gap is largely explained by its weight. legaciesIn the past, the men of the family took advantage of this, but also until a few decades ago. The majority of entrepreneurs were men and thus they are the ones who hold ownership of most of the largest companies in the region.
This is also supported by detailed analysis of the different entities that make up these large entities. When making a set in this way Wealthy Valencian women accumulate around 12.2 billion shares exempt from companies – which essentially means they correspond to family businesses –, For men, this figure reaches 18 billion 909 million. euro.
On the contrary, Women save more money in real estate: 7,933 million euros, 7,546 million euros for men. “Women tend to make longer-term plansSo they tend to invest in more stable assets such as houses,” recalls an Alicante professor of Economics at the University of Alicante: Paloma Taltavull. So, for example, they concentrate more wealth in life insurance (655 million compared to 573 million) or annuities (154 million compared to 111 for men).
Of course, interestingly enough, they save less money. luxury goods (42.8 million vs. 97.8 million) this figure includes jewelry and furs, as well as luxury vehicles, works of art or antiques.
3,723 more taxpayers
In absolute terms, they paid Wealth Tax in 2021 27,615 taxpayers from the Valencian Communitya, that meant one An increase of 3,723 people According to the previous year’s figures. But this does not mean that autonomy is counted from one year to the next with almost 4,000 rich people. The reason for this increase should be investigated Reform approved by Consell del Botànic last year by reducing minimum exemption assets from 600,000 euros to 500,000 euros You have an obligation to submit a declaration.
Women were in the majority with a total of 14,041 compared to 13,574 men who had to undergo this procedure.
Valencian Community compared to the rest of the country Second autonomy with the highest number of people required to submit the declaration The legacy is just behind CataloniaThey are 85,876 and they are ahead Madrid20,030 taxpayers need to file returns. Of course, in this last case, we must remember, on the one hand, that the minimum limit of exemption remains at 700,000 euros, which is generally determined by state regulations – which autonomous governments can change – and above all: The Madrid manager continues to receive a 100% bonus on this tax. That is, even if it is declared, it is not paid.
This financial competition was one of the reasons for the emergence of the coalition government led by him. Pedro Sancheapprove New temporary tax on large fortunesThus, loss of collections of taxpayers residing in these autonomy will be prevented. On the contrary, the Wealth Tax rate paid by the autonomous rich in the Valencian Community is already higher, so it is a tax that is not applied for now. Time will tell what will happen if the new regional administration under his leadership is established. Carlos Mazón reduces or eliminates this tax on autonomy as promised.