3.2.2. Evolution of income for Personal Income Tax

In 2014, revenue for Personal Income Tax increased by 3.9 per cent. The trend increased throughout the year and was coherent with the evolution of an upward trend of gross family incomes. These incomes increased from the second quarter of the year after having fallen uninterruptedly (with the sole exception of the ephemeral recovery of the fourth quarter of 2013 for the extra payment to civil servants) since the third quarter of 2011. There were four reasons for this increase: the creation of employment, the increase of sole entrepreneurs' profits, the sustained increase of the mass of pensions and the intense growth of capital gains.