| (I) | (II) | (III) | (IV) | (V) | (VI) | (VII) | (VIII) | |
| Data cuts | ||||||||
| Income < 10,000?o:p> | X | X | X | X | ||||
| 25 < age < 55 | X | X | X | X | ||||
| No change in martial status | X | X | X | X | ||||
| Main variables | ||||||||
| ln(tax price) | −0.1413*** (0.0145) | −0.1413*** (0.0149) | −0.1027*** (0.0112) | −0.1362*** (0.0181) | −0.1006*** (0.0114) | −0.1384*** (0.0185) | −0.0861*** (0.0162) | −0.0879*** (0.0164) |
| ln(income) | −0.0058 (0.0189) | −0.0066 (0.0167) | −0.0044 (0.0137) | −0.0041 (0.0174) | −0.0052 (0.0125) | −0.0052 (0.0156) | −0.0036 (0.0128) | −0.0046 (0.0117) |
| Other variables | ||||||||
| Number of children = 1 | −0.0042 (0.0039) | 0.0070* (0.0037) | 0.0012 (0.0030) | −0.0031 (0.0047) | 0.0164*** (0.0029) | 0.0073* (0.0042) | 0.0042 (0.0038) | 0.0184*** (0.0035) |
| Number of children = 2 | −0.0216*** (0.0080) | −0.0032 (0.0079) | −0.0062 (0.0061) | −0.0188* (0.0100) | 0.0182*** (0.0060) | −0.0017 (0.0096) | 0.0015 (0.0085) | 0.0237*** (0.0081) |
| Number of children > 2 | −0.0404*** (0.0120) | −0.0205* (0.0123) | −0.0169* (0.0093) | −0.0368** (0.0148) | 0.0124 (0.0094) | −0.0184 (0.0147) | −0.0059 (0.0128) | 0.0208* (0.0126) |
| Age2 | −0.0005*** (0.0000) | −0.0005*** (0.0000) | −0.0006*** (0.0000) | −0.0005*** (0.0000) | −0.0004*** (0.0000) | −0.0004*** (0.0000) | −0.0006*** (0.0000) | −0.0004*** (0.0000) |
| ln(renting and leasing) | 0.0009** (0.0004) | 0.0013*** (0.0003) | 0.0012*** (0.0003) | 0.0011*** (0.0004) | 0.0018*** (0.0003) | 0.0014*** (0.0003) | 0.0014*** (0.0003) | 0.0020*** (0.0003) |
| ln(dividends and interests) | 0.0028*** (0.0005) | 0.0028*** (0.0004) | 0.0021*** (0.0004) | 0.0028*** (0.0004) | 0.0020*** (0.0003) | 0.0028*** (0.0004) | 0.0022*** (0.0003) | 0.0021*** (0.0003) |
| Instrumenting | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Individual fixed effects | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Year fixed effects | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Observations | 289,247 | 322,539 | 358,393 | 295,190 | 397,313 | 329,343 | 371,140 | 411,474 |
| R2 | 0.0926 | 0.0941 | 0.0942 | 0.0936 | 0.0940 | 0.0945 | 0.0978 | 0.0970 |
| First stage results | ||||||||
| Tax price | ||||||||
| R2 | 0.0936 | 0.0938 | 0.0947 | 0.0942 | 0.0942 | 0.0951 | 0.0959 | 0.0961 |
| F-statistic | 1,828.32 | 2,044.48 | 2,295.62 | 1,879.48 | 2,528.48 | 2,119.24 | 2,410.61 | 2,676.91 |
| Income | ||||||||
| R2 | 0.0217 | 0.0226 | 0.0160 | 0.0241 | 0.0162 | 0.0249 | 0.0214 | 0.0215 |
| F-statistic | 393.08 | 456.14 | 357.34 | 447.01 | 400.61 | 514.28 | 497.37 | 553.61 |