Research On The Influence Of Aging Population On Individual Income Tax

The age structure of the world’s population has gradually appeared aging,China’s population in 2000 over 65 years old accounted for more than 7%.The negative effects of demographic change are also gradually appearing in various fields,including labor supply,consumption level and savings.Our country personal income tax base is given priority to with national income,including labor income,operating income and property income,on the basis of the tax system,the aging of the population age structure will affect the effective labor supply,consumption level and scale of savings,in turn,affect the personal income tax,tax base and the amount of personal income tax revenue.The individual income tax is the national organizing fiscal revenue and adjusting income distribution of a kind of powerful tool,not only provide financial support for the government to perform the functions,also for the government macroeconomic regulation and control,the important tool for public products supply,low personal income tax revenue and tax function play.It is found that the aging level of the population in China is high,while the number of the elderly population is large,the proportion of the elderly population is large,and the aging level in different regions is different.In terms of individual income tax revenue,the individual income tax revenue shows an overall trend of increasing year by year,and at the same time shows the characteristics of low proportion of individual income tax in total tax revenue,high proportion of salary income tax revenue,and large regional differences in individual income tax revenue.The empirical analysis,based on the above theoretical analysis and the status quo,put forward hypothesis,using the 31 provinces(cities,districts)2007-2018 population,tax and other related data to construct the model,the study found that an aging population and labor income tax revenue has significant negative correlation,and operating income and property income tax revenues do not have significant correlation,at the same time,it is concluded that the labor supply of labor income tax revenue exists partial intermediary role.Suggestions: pay attention to the impact of the age structure of the population in the personal income tax reform,accelerate the reform of the tax system;We will vigorously develop human resources for the elderly and encourage the re-employment of retirees.We will implement differentiated individual income tax policies in different regions to improve unbalanced regional development.