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A comment on China Overtakes U.S. For First Time as Top Spender on R&D in 2024. Parent comment

Re:China Overtakes U.S. For First Time as Top Spender on R&D... by yahthatsart on Thursday October 15, 2026 @12:37AM (#50099201)
China taxes income over $12k/year at 45%.

The US taxes income over $626k/year at 37%, and offers STEEP discounts on that rate if your income is from capital gains.

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Re:China Overtakes U.S. For First Time as Top Spender on R&D... by raven12345 on Thursday October 15, 2026 @04:01AM (#50100690)
maybe typo? but i think $120k/year at 45% is more reasonable
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Re:China Overtakes U.S. For First Time as Top Spender on R&D... by nec4b on Thursday October 15, 2026 @04:01AM (#50100691)
You made a mistake, an order of magnitude. It's over 135k per year taxed at 45%. Of course none of the rich people pay this tax, because they don't receive salaries.
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