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the Gamut
demonstrating that
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Observations on the world today.
Saturday, October 22, 2005
The Chinese Get It
Do the exact opposite of what Bush would do for the betterment of the nation.
China Cuts Income Tax for Low Wage Earners
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.Now let's watch and see which nation's economy grows at a faster rate.
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.
An earlier government report said the cutoff point would be 1,500 yuan a month ($185) but it was amended upward in response to public opinion, Xinhua said.
Comments:
Are you mad because Bush's plan WORKED? Look at the number of jobs that were created.
Post a Comment
# posted by 
: 9:03 PM, October 27, 2005
: 9:03 PM, October 27, 2005