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Income tax on families would be fairer

By He Bolin | China Daily | Updated: 2012-04-20 08:04

Income tax on families would be fairer

Income tax on families would be fairer

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.

Income tax on families would be fairer

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