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?
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?