The progres-sivity of the overall tax system clearly declined in the United Kingdom and the United States. In these countries since the early 1980s, there has been a drop in average individual income tax rates, payroll taxes, estate, gift and wealth taxes, and corporate tax (only in the United States) for those at the very top of the income distribution, who also hold a large share of the capital. By contrast, progressivity in the overall French tax system has remained almost unchanged, as the introduction of a wealth tax and an increase in the inheritance tax in the early 1980s more than offset the reduction of the personal income tax rate.