Lower-income tax is expected to ease next year

The reform of personal income tax is first introduced next year the focus is not to raise the threshold, but to "reduce the level, adjust the distance", the tax burden of middle and low income next year is expected to reduce "financial" comprehensive report in November, the Treasury Secretary Xuren in the Journal of Qiu Shi said, "Twelve-Five" period to accelerate the implementation of personal income tax reform, Gradually establish and improve the integration and classification of the individual income tax system, to increase the level of the adjustment of high-income earners.　　The latest news is that the personal income tax reform is first introduced next year, the focus is not to raise the threshold, but "reduce the level, adjust the distance", the lower income tax burden next year is expected to reduce. According to Economic Observer report, the reform of personal income tax has two kinds of short-term and medium and long term plan. The Ministry of Finance and the IRS have been trying to introduce a comprehensive tax system as soon as possible. However, the comprehensive tax system cannot be implemented in the short term because of various factors such as law, information collection, coordination of ministries and so on.　　In view of the need to reduce the tax burden for low-and middle-income people, the Ministry of Finance and the IRS have developed a recent scheme for personal income tax. The programme will be launched in 2011 at the appropriate time. It is not clear that the starting point for the people's expectations is definitely going to improve, but it is unexpected to think of the rank and the distance.　　The tax cuts will be more pronounced than the adjustment points, because they actually reduce the tax rate.　　At present, China's personal income tax is a 9-level progressive tax rate, the tax reform plan to reduce the level of 9 tax to 6 to 7, while the appropriate expansion of the level of distance.　　At present, the first level of $500, that is, the income after deducting the initial levy of 2000 yuan from the wage income, corresponds to the 5% tax rate, the second level 2000 yuan, the tax rate of 10%, and so on to 5000 yuan, 20000 yuan, the tax rate is 15%, 20% respectively. After the reform, the first level is expected to be transferred to 2000 yuan, corresponding to the 5% tax rate. "The next level can be up to 20,000 yuan, which applies to a 10% tax rate, which is equivalent to a half drop, with most low-and middle-income people concentrating on the lowest level or level two."　　A local tax official suggested. Prior to that, the finance Department of the Central University of Finance, Zengkanghua, director of Finance and Taxation Institute, said that in the tax adjustment, in view of the economic situation over the past few years has changed greatly, it is possible to make some adjustments in the starting point, but not too much. "It should be raised to $2500," he said.