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Progressive Tax Cuts in China

Chinaflag From the Associated Press:  China Cuts Income Tax for Low Wage Earners:

China’s legislature agreed Saturday to cut income taxes on the country’s poorest workers amid official concern that the country’s growing gap between rich and poor could fuel unrest. Chinese who make less than 1,600 yuan a month ($198) will no longer need to pay income tax, up from the previous cutoff point of 800 yuan ($98), the official Xinhua News Agency reported.


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