Abstract:  After the comprehensive establishment of a moderately prosperous society, solidly promoting common prosperity has
become an important goal of the new historical stage. Solidly promoting common prosperity requires not only promoting high-quality economic development but also ensuring proper income distribution. Currently, compared with the goal of common prosperity, there are still lots of problems in the field of income distribution in China, including a large gap in initial income distribution, insufficient adjustment in redistribution, and inadequate driving force in tertiary distribution. In order to solidly promote common prosperity, it is necessary to establish an initial distribution system that balances efficiency and fairness, and increase the proportion of labor compensation in the initial distribution. It is also important to improve the degree and precision of adjustment in redistribution through taxation, social security, and transfer payments, and ensure that the benefits of development are enjoyed by all residents. Furthermore, the tertiary distribution should play a crucial role in promoting common prosperity by establishing a system and mechanism that primarily relies on incentives, and creating a favorable social atmosphere where the rich help the poor.

Key words:  , common prosperity, income distribution, efficiency and fairness