The Best Strategy for the Tax Cuts of Personal Income Tax

Along with the widening of the income gap in our country gradually,the revision of the personal income tax has become the important strategy of our government to reduce the tax burden of low - income people.Among the elements of the individual income tax,the increase of the exemption of the salary income has advantages because of its direct and transparent role for tax cut.Meanwhile,this method is also easy to produce such adverse results as it is regressive.By contrast, the adjustment of tax rates and bracket is more favorable for the income distribution adjustment of the individual income tax. Therefore,we should combine the increase of the exemption of the salary income with the revision of its tax rate and bracket. Only in this way can we truly make the low -income people shared thetax cuts of the personal income tax.