Tax reform timing launched next year

Source: Internet
Author: User
Chu Tian City News According to Economic observation net information 2011 personal Income tax will be adjusted substantially, its goal is based on alleviating the burden of low-and middle-income people. The reporter learned from the authoritative channel, the tax reform recent plan will choose the appropriate time in 2011 to launch.  The focus of this programme is not to raise the starting point (cost deduction), but to "reduce the level, adjust the distance" is the focus of this reform.  If a person's income is 4000 yuan, the starting point is 2000 yuan, the difference is equal to the person's taxable income, the current taxable income of 500 yuan within the applicable 5% tax rate, 500 to 2000 yuan applicable to 10% of the tax rate, the person to pay 200 yuan tax. If the reduced level, the taxable income of 2000 yuan below applies 5% of the tax rate, that is, in the expense deduction of 2000 yuan, the wage income of 4000 to meet the 5% tax rate, that is to pay 100 yuan tax, than the current system less than half.

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