个税收入为何增长快？

Core Viewpoint - The rapid growth of personal income tax (PIT) in China is attributed to stable increases in residents' disposable income, enhanced tax administration for high-income groups, and the active capital market, which collectively support the tax revenue growth [4][11]. Group 1: Personal Income Tax Growth - From January to November this year, China's personal income tax revenue reached 14,689 billion yuan, marking an 11.5% year-on-year increase [4]. - The growth rate of personal income tax has been accelerating, with quarterly increases of 7.1%, 8%, and 9.7% in the first, second, and third quarters respectively [4]. - The increase in personal income tax is primarily driven by high-income individuals, with over 60% of actual taxpayers falling under the lowest 3% tax rate [6][10]. Group 2: Tax Administration Enhancements - The tax administration has strengthened oversight on high-income earners, particularly those with overseas income and internet platform operators, leading to improved compliance and increased tax revenue [6][7]. - The implementation of the "Golden Tax Phase IV" system has significantly enhanced the efficiency of personal income tax collection, utilizing big data for better tax governance [8][10]. - As of December 8, over 7,000 domestic and foreign platforms have complied with tax information reporting requirements, contributing to a 12.7% year-on-year increase in tax payments from platform operators [7][10]. Group 3: Capital Market Influence - The active capital market has positively impacted personal income tax revenue, with high-income earners contributing significantly to tax collections [11][12]. - The trading volume in the stock market has remained high, with daily transactions exceeding 1 trillion yuan for 143 consecutive trading days, indicating robust market activity [11]. - Historical data suggests that during periods of capital market activity, personal income tax revenue growth typically outpaces overall economic growth [12].