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Re:Why only 2% of Chinese pay any income tax by intopieces on Monday December 03, 2018 @10:31AM (#18589476)
Yes, which is then negated with rebates / negative income tax.
Re:Why only 2% of Chinese pay any income tax by oarsinsync on Monday December 03, 2018 @11:44AM (#18590167)
So the end result is... lower taxes all around? Where does the deficit get made up?
Re:Why only 2% of Chinese pay any income tax by intopieces on Monday December 03, 2018 @03:58PM (#18592923)
High income earners don’t get the credit. Similar to how there is an income cap on incentives for EVs in California
Re:Why only 2% of Chinese pay any income tax by oarsinsync on Tuesday December 04, 2018 @04:43AM (#18597901)
But high income earners still benefit from a lower effective rate from the change.

If low income earners pay a higher effective rate than they would under income taxation, which is to be neutralised by credits, and higher income earners pay a lower effective rate, who makes up the deficit?