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It was found that the rental income of 1,100 people, which is the top 0.1% of real estate rental income, reached 1 trillion won.
According to data received from the National Tax Service by Yang Gyeong-sook, a member of the National Assembly’s Planning and Finance Committee, along with the National Assembly’s Planning and Finance Committee, in 2019, 10,033,550 people reported real estate rental income of 20.72 trillion won.
Compared to the amount of 1,760.6 trillion KRW reported by 856,000,874 in 2015, the number of reporters increased by 237,000 and the amount reported increased by KRW 3.6 trillion. In 2019, rental income of less than 20 million won per year is also included in the tax, and reports have increased.
The average rental income per person reporting real estate rental income in 2019 is 189.3 million won. It is about half of the average annual salary (total salary) of 37.4 million won for all 17.17 million earned workers who paid the year-end settlement in the same year.
The reported income of 193 people, which is the top 0.1%, is 1,132 billion won, or 930 million won per person. The 1,935 people in the top 1% earned 3,373.1 billion won in real estate leases, and the 1093,354 people in the top 10 percent earned 9,9375 billion won.
The median income among those reporting rental income was found to be 1,044 billion won.
Rep. Yang Kyung-sook said, “We need more efforts to improve equity among tax sources so that the society does not value unearned real estate income more than workers who earn money by working with blood sweat.”
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