A Study On The Impact Of Personal Income Tax On Residents’ Fertility Intention

Population is an important factor that affects national development,national construction,and social stability.In 1982,based on the national conditions of our country at that time,China formulated the family planning policy and made it a basic national policy,effectively controlling the population growth rate and structure of our country,providing unprecedented opportunities for our economic development.However,it has been more than 40 years since the birth control program began.The birth peak of Chinese residents has passed,and the population structure has also undergone tremendous changes.The demographic dividend has gradually disappeared,the degree of aging continues to rise,and labor resources are gradually scarce.In this context,China’s fertility policy has also changed accordingly.In 2013,the Third Plenary Session of the 18 th National Congress of the Communist Party of China decided to implement the "single two child" policy.On January 1,2016,China implemented the "two child policy",and in 2021,China incorporated the three child policy into the Basic Law.At the same time,a series of safeguard measures have been introduced to encourage fertility,but the effect is not satisfactory.China’s birth rate shows a downward trend on the whole.In 2021,the birth rate will only be 7.52 ‰.The natural growth rate of the population has declined continuously in the past five years.In 2022,the population will show a negative growth trend for the first time.Under this background,how to improve the fertility desire of residents has become an important topicEconomic factors are important factors that affect residents’ willingness to have children.The amount of income and the level of parenting costs directly affect residents’ willingness to have children,and personal income tax,as an important means of regulating income distribution,can directly affect residents’ income level.By controlling parenting costs,it can affect residents’ willingness to have children.This article is based on the theory of personal income tax and fertility willingness,exploring the interaction between personal income tax and residents’ fertility willingness.Then,a multiple nonlinear regression model is used to quantitatively analyze the impact of residents’ personal income tax burden on their fertility willingness.By establishing a series of tax policies,targeted reduction of family fertility costs can effectively convey a signal of fertility friendliness and promote an increase in fertility rates.This article starts from the perspective of personal income tax,which is a tax factor in economic factors,and uses the tax burden of residents as a stepping stone to directly affect their disposable income,thereby reducing the cost of childbirth.After research,it was found that tax burden has a certain impact on residents’ willingness to have children,which supplements existing research results to a certain extent.This article is divided into six parts.The first part is an introduction,which mainly covers the research background,literature review,research methods,and other aspects of this article.The second part is a theoretical analysis of the impact of personal income tax on residents’ fertility willingness,providing a theoretical basis for further argumentation in this article,including fertility willingness theory,income redistribution theory,etc.The third part is an analysis of the current situation of China’s residents’ fertility level.This part will briefly describe the development process of China’s fertility policy,summarize the current situation of China’s fertility level,and explain the potential hazards of low fertility level,On this basis,we will explore the reasons for the declining fertility rate of Chinese residents year by year,and summarize the existing measures of personal income tax for childbearing friendliness in China.The fourth part is the establishment of an empirical model.This article selects micro data from the 2018 Chinese household tracking survey.This part will process the data and group them for further empirical analysis.The fifth part is the empirical analysis of the impact of personal income tax burden on residents’ fertility willingness,and corresponding conclusions are proposed based on the empirical results.The sixth part is the research conclusion and reform ideas,drawing on mature foreign systems,Based on the empirical results and the previous analysis,propose suggestions.