The deputies of the National People's Congress suggested raising the individual income tax threshold to 8,000 yuan: a fair tax burden to help people's livelihood.
With the rapid development of society and the continuous improvement of people's living standards, the setting of individual income tax, as an important means to regulate income distribution, has attracted increasing attention from all walks of life. Recently, some deputies to the National People's Congress proposed to raise the threshold of individual income tax to 8,000 yuan per month to better reflect tax fairness, reduce the burden of low- and middle-income groups, and promote consumption and economic development.
The proposal reflects the deep concern for people's livelihood and well-being. At present, the personal income tax threshold is 5,000 yuan per month, which has played a positive role in ensuring basic living expenses in the past few years. However, with the increase in prices** and the cost of living, this standard has become somewhat low. Raising the tax threshold to 8,000 yuan can better protect the basic living needs of low- and middle-income groups and reduce their tax burden.
At the same time, raising the individual income tax threshold will also help stimulate consumption potential and promote healthy economic development. As a direct tax, the reduction of the tax burden of personal income tax will increase the disposable income of residents, thereby stimulating consumer demand and promoting economic growth. In addition, raising the tax threshold will also help optimize the tax structure, reduce tax loopholes, and improve the efficiency of tax collection and administration.
Of course, raising the individual income tax threshold also requires a balance between tax fairness and fiscal revenue. As an important means of national governance, taxation should not only embody the principle of fairness, but also ensure the steady growth of fiscal revenue. Therefore, while raising the tax threshold, it is also necessary to improve the tax system, strengthen tax collection and management, and ensure the sustainability of tax revenue.
To sum up, the NPC deputies proposed to raise the individual income tax threshold to 8,000 yuan, which is an important measure that not only meets the needs of people's livelihood but also promotes economic development. The implementation of this recommendation will help to achieve tax fairness, improve the living standards of residents, and promote consumption and economic growth. We look forward to taking this proposal seriously and reflecting it in the reform of the tax system, so as to make a positive contribution to building a fairer and more prosperous society."