A Choice Experiment on Tax : Are Income and Consumption Taxes Equivalent?

Kurokawa, Hirofumi; Mori, Tomoharu; Ohtake, Fumio

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論文情報

タイトル	A Choice Experiment on Tax : Are Income and Consumption Taxes Equivalent?
著者	Kurokawa, Hirofumi Kurokawa, Hirofumi
	Mori, Tomoharu Mori, Tomoharu
	Ohtake, Fumio Ohtake, Fumio
キーワード等	Tax equivalence
	Income tax
	Consumption tax
	Misperception of tax
	Behavioral and experimental economics
抄録	We test the equivalence of income and consumption taxes through a choice experiment. Under a given set of income and consumption parameters, subjects were asked to choose among an income tax of 20%, a consumption tax of 25% (which is an equivalent tax burden), a consumption tax of 22%, and a consumption tax of 20%. Our results showed that subjects prefer income tax to consumption tax when the nominal consumption tax rate is higher than the nominal income tax rate. However, subjects tend to prefer consumption tax to income tax when the nominal tax rates are identical. Our result, that subjects prefer income tax to consumption tax despite a higher tax burden, implies the consumption tax miscalculation bias. The consumption tax miscalculation bias is one where subjects miscalculate the amount of consumption tax as if it is declared by tax inclusive, as in the case of income tax, despite consumption tax being tax exclusive. If the income tax burden is equivalent to the consumption tax burden, subjects prefer income tax. This result implies that income and consumption taxes are not equivalent due to the consumption tax miscalculation bias.
公開者	The Institute of Social and Economic Research, Osaka University
掲載誌名	Institute of Social and Economic Research Discussion Papers
巻	966
開始ページ	1
終了ページ	24
刊行年月	2016-03-28
URL	http://hdl.handle.net/11094/55415
関連情報 (references)	http://www.iser.osaka-u.ac.jp/library/dp/2016/DP0966.pdf
言語	英語
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Institute of Social and Economic Research Discussion Papers

著者版フラグ	none
NII資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
dcmi資源タイプ	text
DCTERMS.bibliographicCitation	Institute of Social and Economic Research Discussion Papers.966 P.1-P.24
DC.title	A Choice Experiment on Tax : Are Income and Consumption Taxes Equivalent?
DC.creator	Kurokawa, Hirofumi
	Mori, Tomoharu
	Ohtake, Fumio
DC.publisher	The Institute of Social and Economic Research, Osaka University
DC.language" scheme="DCTERMS.RFC1766	英語
DCTERMS.issued" scheme="DCTERMS.W3CDTF	2016-03-28
DC.identifier" scheme="DCTERMS.URI	http://hdl.handle.net/11094/55415
DC.subject	Tax equivalence
	Income tax
	Consumption tax
	Misperception of tax
	Behavioral and experimental economics
DCTERMS.abstract	We test the equivalence of income and consumption taxes through a choice experiment. Under a given set of income and consumption parameters, subjects were asked to choose among an income tax of 20%, a consumption tax of 25% (which is an equivalent tax burden), a consumption tax of 22%, and a consumption tax of 20%. Our results showed that subjects prefer income tax to consumption tax when the nominal consumption tax rate is higher than the nominal income tax rate. However, subjects tend to prefer consumption tax to income tax when the nominal tax rates are identical. Our result, that subjects prefer income tax to consumption tax despite a higher tax burden, implies the consumption tax miscalculation bias. The consumption tax miscalculation bias is one where subjects miscalculate the amount of consumption tax as if it is declared by tax inclusive, as in the case of income tax, despite consumption tax being tax exclusive. If the income tax burden is equivalent to the consumption tax burden, subjects prefer income tax. This result implies that income and consumption taxes are not equivalent due to the consumption tax miscalculation bias.
citation_title	A Choice Experiment on Tax : Are Income and Consumption Taxes Equivalent?
citation_author	Kurokawa, Hirofumi
	Mori, Tomoharu
	Ohtake, Fumio
citation_publisher	The Institute of Social and Economic Research, Osaka University
citation_language	英語
citation_date	2016-03-28
citation_journal_title	Institute of Social and Economic Research Discussion Papers
citation_volume	966
citation_firstpage	1
citation_lastpage	24
citation_public_url	http://hdl.handle.net/11094/55415
citation_keywords	Tax equivalence
	Income tax
	Consumption tax
	Misperception of tax
	Behavioral and experimental economics

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