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What does it mean to lower the tax threshold?
Lowering the tax threshold refers to the downward adjustment of the personal income tax collection point.

The tax threshold refers to the tax starting point for taxpayers to pay personal income tax. If the income of the parties reaches the starting point, they need to pay a tax; If it is not achieved, there is no need to pay a tax.

Lowering the tax threshold can maximize personal interests, promote personal development and reduce personal tax pressure.

The adjustment of tax threshold shows that personal income tax is an effective means to adjust personal income distribution and realize social equity.