Tax cuts increase income mobility for urban families, study finds.
Tax burden significantly impacts income mobility for urban households. The number of family members working affects this impact. Higher tax deductions lead to lower income mobility. Reforms in individual income tax positively affect income mobility. Education, income sources, industry, and urbanization also play a role in income mobility. The tax system should consider family and regional differences, focus on fairness, and promote income flow between regions to achieve a balanced income distribution.