个人住房公积金避税效果的时间价值分析

Analysis of the Time Value about Tax Avoidance for Personal Housing Accumulation Fund

住房公积金税前缴纳可以起到一定的避税效果,但是在长期中,个人增加公积金的缴纳是否一定会增加个人的实际收入,这取决于公积金存款利率、个人投资收益率、通货膨胀率等多方面的因素,只有具备了避税的充要条件,才能达到节税的效果。利用货币时间价值这一分析工具,通过对月工资收入在1800～6000元区间的工薪阶层的公积金避税效果检验证明:个人住房公积金避税效果关键取决于现行税制,以及公积金存款利率与个人投资收益率之间的相对收益率。

Housing accumulation fund can make the tax avoidance by paying it in advance. But in the long run, whether increaseing the personal accumulation fund could enhance the income or not that depending on the accumulation fund deposit rates, the Personal investment return rate and the the inflation rate. Only to have the necessary and sufficient conditions of tax--avoidance, it can achieve the effect of tax savings. Under the current of individual income tax of progressive tax rates, using the currency time value as the a- nalysis tools, taking account inflation factors into consideration, we found that the tax avoidance affects through individual housing accumulation fund depended on tax system and the related--benificiary--rate.