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2011•Journal of Shanxi UniversityRequires access

Two Kinds of Income Division in USA and Its Reference Implication to PRC

Jie Zhao

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Abstract

In the individual income tax law of USA the individual income is divided into four categories: earned income,unearned income,transfered from others and imputed income.At the same time,in the rule of passive activity losses of USA the income is divided into three categories: portfolio income,active income and passive income.Some regulations based on the two means of dividing have an effect on individual tax burden,which is beneficial to the justice of tax burden and the prompting of labor provision.These two dividing means and the related regulations should be studied as a reference in the improvement of the individual income tax law of PRC.

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In the individual income tax law of USA the individual income is divided into four categories: earned income,unearned income,transfered from others and imputed income.At the same time,in the rule of passive activity losses of USA the income is divided into three categories: portfolio income,active income and passive income.Some regulations based on the two means of dividing have an effect on individual tax burden,which is beneficial to the justice of tax burden and the prompting of labor provision.These two dividing means and the related regulations should be studied as a reference in the improvement of the individual income tax law of PRC.

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Available abstract

In the individual income tax law of USA the individual income is divided into four categories: earned income,unearned income,transfered from others and imputed income.At the same time,in the rule of passive activity losses of USA the income is divided into three categories: portfolio income,active income and passive income.Some regulations based on the two means of dividing have an effect on individual tax burden,which is beneficial to the justice of tax burden and the prompting of labor provision.These two dividing means and the related regulations should be studied as a reference in the improvement of the individual income tax law of PRC.

Key concepts: Gross income, Adjusted gross income, Income tax, Comprehensive income, Passive income, State income tax, International taxation, Economics

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