Why only 2% of Chinese pay any 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?

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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

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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?

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