THE SHARE OF PERSONAL INCOME TAX IN THE TAX SYSTEM AND ITS IMPACT ON MACROECONOMIC STABILITY
Keywords:
personal income tax, tax system, state budget, macroeconomic stability, fiscal policy, tax revenues, gross domestic product, income inequality, consumption and savings, progressive tax rates, employment level.Abstract
This article scientifically analyzes the role of personal income tax (PIT) in the national tax system, its share in the formation of state budget revenues, and its impact on macroeconomic stability. Within the framework of the research, the dynamics of PIT revenues and their influence on gross domestic product, state budget stability, consumption, and savings processes are evaluated using statistical and economic-mathematical methods. In addition, the effects of progressive and proportional tax rates on income inequality, employment levels, and economic activity are discussed. The article also develops scientifically grounded conclusions and practical recommendations aimed at improving the current tax policy, expanding the tax base, and strengthening fiscal stability.
References
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World Bank. Analytical reports on Tax Policy and Economic Growth.
International Monetary Fund. Fiscal Monitor and reviews on tax policy.
OECD. Taxing Wages and international comparisons of personal income tax.
Public Finance and Public Policy. Textbook covering fiscal policy and the macroeconomic effects of taxation.
Tax Code of the Republic of Uzbekistan. Current editi
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