Poll: How much do you think it's proper for the threshhold of high income taxation in China?
A report claimed that the citizens who earn 120,000 yuan annually would be levied for the high income tax. In no time, the Chinese netizens join in the trends of outrage as some experess their condemnation over the government's goal to exploit more from common people.
Some point out that the 120,000 could just support a family in those high-cost first-tier cities. And now the burden of taxation has already prohibited their consumption and thus cut the expenses of the family in urban areas.
The method of reblancing the income gap seems out-dated now since the super rich class has their own way to avoid being taxed. The so-called high-income tax would end up as the new burden towads the new emerming middle-income group especially those in the cities like Beijing, Shanghai and Guangzhou.