文章責編：陶玉良
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It’s reported that more than 92 percent of wage earners don‘t have to pay income tax.
Experts say it is a step forward in the country’s tax reform， but some of them， including Jin Dongsheng， also analyze that china‘s personal income tax still needs further adjustments in order to suit citizens’ income structure.
“China‘s personal income tax should adopt both unified and classified means in order to better adjust income distribution and solve the problems caused by income diversity and varied household burdens. With all these taken into account， it would make a fair society.”
Tax is reduced， which means that the disposable income of middle and low income population has risen.
Hopefully we can see a expanding domestic demand in the near future.
"I'm one of the 80s generation and we have a lot of financial pressure, so tax reduction is good for us."
The reduction of the income tax is a compensation to the low and middle income earners in the current climate of rising inflation. It also sheds a big burden for the self-employed. The expert from the State Administration of Taxation, Jin Dongsheng, says that about 60 million people don't have to pay income tax any more.
"The adjustments of the individual income tax law show the government is trying to ease the financial burden for middle and low income earners, and that they are taking the public's view into account. If the threshold is too high, it'll damage the public's awareness of paying taxes. "
It's reported that more than 92 percent of wage earners don't have to pay income tax.
Experts say it is a step forward in the country's tax reform, but some of them, including Jin Dongsheng, also analyze that china's personal income tax still needs further adjustments in order to suit citizens' income structure.
"China's personal income tax should adopt both unified and classified means in order to better adjust income distribution and solve the problems caused by income diversity and varied household burdens. With all these taken into account, it would make a fair society."
Tax is reduced, which means that the disposable income of middle and low income population has risen.
Hopefully we can see a expanding domestic demand in the near future.
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