New Personal Income Tax Law on Adjusting the Influence of Income Distribution

Personal income tax is an important means of the modern government organization financial income and adjusting income distribution.A new individual income tax has been implemented from September 1,2011.The new tax law drastically reduces the tax burden on middle income group,conform to the trend and public opinion.However,due to the current tax system itself,a flaw and a tax in the proportion of low tax structure,its function of adjusting income distribution gap is still very weak.Therefore,we must speed up tax system reform,improve the tax adjustment function,make it play in constructing the fair income distribution relationship in an important role.