Tax System of Housing and Marginal Effective Tax Rate of Owner-Occupieed Housing Investment

概要

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The purpose of this paper is to analyze empirically the tax system for residential housing in Japan. First, the method of analysis was to divide Japanese workers' households by yearly income quintile groups and to estimate the marginal effective tax rate of owner-occupied housing from 1976 to 1995, and to make quantitatively clear the effect of three kinds of tax reduction. Second, the tax parameter of tax allowance implemented in 1999 was inserted in margin.al effective tax rate from 1976 to 1995 and the effect of tax allowance reform in 1999 quantitatively clarified.<BR>As a result of this analysis, the following two points are made clear. First, there are three kinds of tax reduction for owneroccupied housing in Japan."Tax allowance" has the biggest effect of tax reduction. The effect of tax allowance was progressively stronger from 1976 to 1995 and the effect of tax allowance in 1995 is about three times greater than the effect in 1976. Second, the tax reduction effect of tax allowance implemented in 1999 was almost as large as in 1995. The effect in lower yearly income groups in 1999 was a little smaller than in 1995.
Association of Urban Housing Sciencesの論文