analysis of the personal income tax to the town of income and consumption empirical analysis（分析了个人所得税的收入和消费的实证分析）.doc

Analysis of the personal income tax to the town of income and consumption Empirical Analysis Paper Network: [Abstract] use dynamic measurement methods for personal income tax and the income of urban residents on the impact of consumption of urban residents empirical analysis shows that: the long term impact on income of urban residents is a major factor in consumer behavior, but tend to smooth consumption, the expected revenue and expenditure uncertainty in the short term consumption of urban residents’ income increased role in promoting small, at this stage, due to the relative size of a tax, tax, tax rate, tax payment constraints, personal income tax has not really restricted the consumption of urban residents factors, consumption of urban residents in long-term performance of a ‘ratchet effect.’ [Keywords] urban household consumption, personal income tax, income of urban residents; cointegration Since the 1990s, as China’s rapid economic growth, income levels and urban residents consumption level also continued to grow, but consumption growth is much lower than the growth in income, the average propensity to consume of 0.82 decline from 1993 to 0.67 in 2007, but with the same period in urban and rural residents’ savings rate of about 20% per year growth, while final consumption share of GDP in 1993 to 59.3% down to 46.9% in 2006, lack of consumer demand, the contribution to economic growth is low and declining, while since 1993 to create a new personal income tax system, the average annual growth rate of China’s 35.2% personal income tax, a tax revenue of 4.682 billion yuan from 1993 to 318.5 billion yuan in 2007 , ranking the fourth largest tax, personal income tax will be reduced as the increase in disposable income of urban residents. personal income growth over income of urban residents will change consumer behavior and consumer choice, reduce residents’ propensity to consume, thus inhibiting urban residents consumption and demand-driven economic grow