Comparison between old and new tax rates

In response to the voice of the broad masses of the people, 20 19 issued a new tax policy, and the tax threshold was raised from 3,500 to 5,000, which greatly protected the interests of the people.

I. Comparison between the old and new tax rates

Before the introduction of the new policy of 20 19, our taxable income did not exceed 1500 yuan. After adjustment, the taxable income of the same amount increased to 3,000 yuan, which means that after the adjustment of the new policy, the tax paid by the new policy was reduced under the same conditions.

In addition to the changes in the Individual Tax Rate Table, the new tax policy mainly includes the following changes:

1, the threshold has been raised from 3,500 yuan to 5,000 yuan, but the threshold of 5,000 yuan was implemented in June 2065,438+08, but many users will think it is a key point in the new policy of 2065,438+09.

2. Special additional deductions have been added, mainly including six deductions such as medical treatment for serious illness, support for the elderly, continuing education, children's education, rent and mortgage interest.

Second, the calculation method of individual tax rate

Taxable income = monthly income -5000 yuan (threshold)-special deduction (three insurances and one gold, etc. )-special additional deduction-other deductions determined according to law.

Note: The new tax law will take effect on1October 20 19 1 day, and the latest tax threshold and tax rate will take effect on1October 20 18 1 day. According to the provisions of the new tax law, from 20 1 810/0 month1to 201812 February 3 1, the income from taxpayers' wages and salaries is subject to the individual income tax rate.

For example, a married person, Xiao Li, works in Beijing with a monthly income of 1000 yuan, a special deduction of "three insurances and one gold" of 2,000 yuan and a monthly rent of 4,000 yuan. She has a child in kindergarten and her parents are over 60 years old.

When the threshold is 3500 yuan, there is no special additional deduction, and the monthly tax is 345 yuan;

When the threshold is 5,000 yuan, there is no special additional deduction, and a monthly payment of (10000-5000-2000)×3%=90 yuan tax is required.

According to the new policy, 1.5 million yuan will be deducted for those who enjoy housing rent, 1.0 million yuan for children's education, and 1.0 million yuan for supporting the elderly (shared with their sisters), so the tax is = (10000-5000-2000-/.

3. What is the tax exemption rate?

The tax exemption rate is also called "zero tax rate". It refers to the tax rate expressed by zero for a certain taxpayer and a certain taxpayer in a specific link. Theoretically, zero tax rate is different from tax exemption. Tax exemption refers to exempting a taxable object and a taxpayer from their own burden, while the purchased goods or services are still tax-included.

The tax rate is zero. In this link, not only do taxpayers not pay taxes, but also the taxes transferred from the previous link should be refunded, so that the tax rate can be zero. But in practice, the meaning of zero tax rate is not strict in the use of different taxes. For example, income tax often corresponds to the tax exemption of taxable income, which shows zero tax rate. Of course, there is no problem of income tax conversion. Another example is the adjustment tax on the investment direction of fixed assets. The investment project with zero tax rate only refers to the tax exemption of the investment project itself, and all kinds of goods and services purchased by it actually include tax, and the paid value-added tax will not be refunded. What truly embodies the definition of zero tax rate theory is that the value-added tax applies zero tax rate to export products, that is, taxpayers can not only not pay the taxable amount of value-added tax in this link, but also refund the tax paid in the previous link.

VAT exemption only exempts taxpayers from the VAT payable in this link, and the goods and services purchased by taxpayers still include tax. The purpose of zero tax rate on export products is to encourage exports and make our products compete in the international market at a completely tax-free price.

I believe that the above introduction has made everyone have a clear understanding of the new policy. Generally speaking, the introduction of the new policy is of great benefit to the people and ensures the living standards of the middle and lower classes.

Legal objectivity:

Article 3 of the Individual Income Tax Law of People's Republic of China (PRC): (1) For comprehensive income, the excess progressive tax rate of 3% to 45% is applicable (the tax rate table is attached); (2) For operating income, the excess progressive tax rate of 5% to 35% shall apply (the tax rate table is attached); (3) Income from interest, dividends and bonuses, income from property leasing, income from property transfer and accidental income shall be subject to the proportional tax rate of 20%.