Spiritual Enhancement or Utilitarian Benefit: How would Religion affect Income and Assets and Future of Teenagers?

Extensive research has researched on the attainment of education in a variety of life aspects. Yet the study on the correlation between education, tax payment and religiosity are extremely rare. This paper aims at analysing the effects of education and its benefit on respondents’ income and tax contributions and their religiosity preferences. It provides ideas based on the data of National Longitudinal Survey of Youth 1997 (NLSY97) and the Form 1040 Data provided by the Statistics of Internal Revenue Code (www.irs.gov/statistics/) to gain exploration on how education would contribute to personal income, how tax payments correlated with income, and how respondents’ religious activities influence income.