On Reform of Income Tax of in China

Income tax refers to the tax on the leviable personal income.In China's Income Tax System,there are some defects such as heavy tax on income through labour,light tax on income through capital,unreasonable deduction of expense,complexation of tax rate,which aggravate the dedining tendency of taxation between people with high and low income.Only when the income tax rate system is renewed in a reasonable way and the income tax system is established reasonably,will the high efficiency and the fairness of economy development be realized.