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[In the field of income distribution, raising the tax rate is as important as raising the tax rate. In some cases, raising the tax rate can even bring more policy effects. At present, my country has achieved tax exemption for low-income groups by setting a relatively high tax exemption amount, but it has not achieved the policy effect of "raising the tax rate", which has weakened the regulatory effect of personal income tax on income distribution to a certain extent.]

The Third Plenary Session of the 20th CPC Central Committee proposed to build a coordinated system of primary distribution, redistribution, and tertiary distribution, increase the proportion of residents' income in the distribution of national income, and increase the proportion of labor remuneration in the primary distribution. Improve the mechanism for determining, reasonably increasing, and ensuring payment of workers' wages, and improve the policy system for distribution according to factors. Improve the redistribution adjustment mechanism such as taxation, social security, and transfer payments. Personal income tax is the main tax for adjusting income distribution. We believe that the future design of the system for improving income distribution through taxation can consider shifting from "raising" to "raising".

my country's personal income tax has limited regulatory power on income distribution

The academic community generally believes that my country's personal income tax has limited regulatory effects on income distribution. In addition, existing research has shown that several personal income tax reforms in recent years have further weakened the income redistribution effect of my country's personal income tax.

Personal income tax is an important policy tool for regulating income distribution, and its income redistribution effect has always been a hot topic in academia. It is generally believed that my country's personal income tax is highly progressive, but due to the low average tax rate, its income redistribution effect is limited. Some literature even points out that compared with developed countries, my country's personal income tax has a very limited income redistribution effect. Moreover, existing literature research confirms that my country's tax system reforms in recent years have further weakened the income redistribution effect of personal income tax.