Effects of the Introduction of Family Bonus and Supplementary Child Benefit, the New Tax Relief for Families in Austria. A Microsimulation Study
This paper analyses the effects of the introduction of the tax relief for families family bonus (Familienbonus) and supplementary child benefit (Kindermehrbetrag) on household income in Austria, using the WIFO-Micromod microsimulation model that is based on the EU-SILC data. The average yearly (pers...| Link(s) zu Dokument(en): | WIFO Publikation |
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| Veröffentlicht in: | WIFO Bulletin |
| Hauptverfasser: | , |
| Format: | article |
| Sprache: | Englisch |
| Veröffentlicht: |
2018
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| Zusammenfassung: | This paper analyses the effects of the introduction of the tax relief for families family bonus (Familienbonus) and supplementary child benefit (Kindermehrbetrag) on household income in Austria, using the WIFO-Micromod microsimulation model that is based on the EU-SILC data. The average yearly (person-weighted) equivalised household income increases by 320 €, which corresponds to a relative increase of 1.4 percent. For the families concerned, the reform leads to an increase in the corresponding income by 733 € or 3.1 percent and to a reduction in the average yearly income tax burden by 1,556 €. The effects are most pronounced in the medium range of the household income distribution. The total personal income tax revenue decreases by 1.5 billion € per year. |
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