Re:Why only 2% of Chinese pay any income tax
by conanbatt on Monday December 03, 2018 @12:03PM
(#18590332)
Also take into account the state spent 5% of GDP in the 1800's. That would barely pay for medicare today.
Income taxes are, however, pretty progressive, relatively easy to levvy and practical. They are not particularly bad taxes. Sales taxes, or VAT are worse in my opinion.
Income taxes are, however, pretty progressive, relatively easy to levvy and practical. They are not particularly bad taxes. Sales taxes, or VAT are worse in my opinion.