60 million people tomorrow will not be exempt from a tax-induced ...
from September 1 onwards, the revised ?PRC Individual Income Tax Law? will be fully implemented. Months after the implementation of the new tax law, the monthly income of less than 3,500 yuan (less ?full insurance? post) and wage earners no longer pay a tax. Total wage income taxpayers, the proportion of wage income groups, from the current 28% to 8%, so a tax for the current level of around 84 million dropped to about 24 million. Experts point out that, from our present point of view of tax reduction, mainly in low-income beneficiaries. Low-income people in the higher marginal propensity to consume, so the tax on China?s economic growth, especially in urgent need of stimulating domestic demand, China?s current circumstances, is particularly important and necessary, will play a positive role in promoting a certain degree.
4000 January revenues are mostly exempt from
It is understood that, since 1994, personal income tax law has undergone five amendments, this is the fifth round of reform. Experts stressed that the revised ?PRC Individual Income Tax Law?, the ordinary workers, the biggest change is that wages and salaries by the standards of personal income tax deduction for expenses 2,000 yuan per month to 3,500 yuan. 3500 yuan mean less ?full insurance? after the hand wages, in fact, wage income of 4,000 yuan for most workers can be exempt from a tax.
State Administration of Taxation has said that the responsible person, the taxpayer September 1, 2011 (inclusive) made after the real wage and salary income, after tax law changes should be applied to the standard deduction for expenses and tax rate tables, calculate and pay personal income tax. Taxpayer September 1, 2011 to obtain the real wage and salary income, regardless of whether the tax September 1, 2011 after the declaration of storage by the withholding agent shall be applied before the tax law changes the standard deduction for expenses and taxes table, calculate and pay personal income tax.
tax cuts will not lead to price increases
new personal income tax law for the implementation of the impact of the financial dean of Xiamen University, Professor Chen Gong acceptance of this newspaper reporter, said: ?First, the state, is the reduction of tax revenue, according to the Ministry of Finance Tax Policy Department forecasts that the personal income tax exemption amount adjustment, making the annual government revenue of about 160 billion yuan in tax revenue Second, the taxpayers, especially low-income taxpayers, reduce the personal income tax, this time a major tax reform beneficiaries is a monthly salary of 4000-8000 yuan of these people. ?
He also believes that, due to the direct personal income tax is withheld each month, and year-end and then the final settlement, therefore, the number of taxes from the country as a whole a relatively large amount, but each person point of view, also from tens of dollars to a thousand dollars or so, so people?s consumption demand will not have much effect, a tax reduction will not lead to price increases.
Insiders also pointed out that in addition to the adjustment of personal income tax, people should be concerned about another major tax cuts, namely, to adjust production and operation of individual businesses operating lease income and contract income tax rate bracket. State Administration of Taxation officials say, individual industrial and commercial households from production and operation of projects related to tax law applies not only to individual businesses, but also to a sole proprietorship and partnership enterprises of production and operation income.
an adjustment of income tax has the function, but some experts said, can not put all the functions of redistribution of income tax are added to a body, a tax could not afford so much responsibility. The two tax adjustments, tax reform is only one step, we can not expect in one step.
role in promoting economic growth
regardless of whether the tax reform has imperfections, but there is no doubt that a tax reform advance so that low-income persons to obtain real benefits. Case Study of Beijing, the Beijing Local Taxation Bureau Deputy Director, Hao Shuobo spokesman told reporters that the implementation of the revised personal income tax law, will benefit 4.7 million taxpayers in Beijing, including 30 million individual industrial and commercial households. Working-class area of ??tax from the current 57% to 28%, about 2.29 million taxpayers do not need to pay personal income tax, in addition to some high-income earners will increase the tax burden.
and has proposed to increase the tax threshold proposed lawyer Dong Zhengwei claimed to improve the tax threshold does not mean that state tax revenues will be reduced, ordinary citizens will inevitably translate into increased revenue social spending, transactions in goods and services into a new tax, is conducive to economic and social development.
Chen workers believe that personal income tax is levied on personal income, its main role is to raise revenue and adjusted income redistribution to achieve social equity. It is not directly levied on the production or distribution, so the impact of economic trends it is not straightforward. However, a tax reduction, personal disposable income go up, then consumer demand will increase, thereby promoting economic growth.
He also believes that relying on a tax cut taxes to stimulate domestic demand and significant growth is not enough, a tax effect of the intensity is still limited. Through a tax reduction to stimulate domestic demand and rapid growth is impossible.
I want to comment
microblogging Recommended | today microblogging hot (edit: SN021)
Source: http://www.3abc.net/?p=10683
nikkei baby shower invitations young money mike starr galapagos galapagos navy seal