Income tax on families would be fairer
By He Bolin | China Daily | Updated: 2012-04-20 08:04
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China's personal income tax has become a hot topic of discussion in recent years, as despite people's rising wages, inflation means people have less purchasing power.
Although, the threshold was raised to 3,500 yuan ($555.5) from 2,000 yuan last year, the higher threshold has not benefited everyone, especially those who work in smaller cities.
Even white-collar workers earning around 7,000 yuan a month in big cities like Beijing and Shanghai, where people pay large sums of money on accommodation, are complaining about the high cost of living.
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