Author: 468259058

You need to pay Taxes: 5,900 ~ 10,500 a month if your Salary is 10,000 [Copy link] 中文

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Post time 2011-4-1 12:33:04 |Display all floors
Originally posted by 468259058 at 2011-4-1 12:28
And I wish more people know and celebrate the holiday from traditional Chinese culture, though most of them had been destoried during Culture Revolution period.
.
Such as the Teacher's holiday is the birth day of Confucius in United Nation, in Taiwan, and in many other area.

but the present Teacher's holiday in Mainland China is a different date.
It was from the west culture in the present laws of mainland China.

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Post time 2011-4-1 12:37:10 |Display all floors
Originally posted by 468259058 at 2011-4-1 12:33
Such as the Teacher's holiday is the birth day of Confucius in United Nation, in Taiwan, and in many other area.

but the present Teacher's holiday in Mainland China is a different date.
It was from the west culture in the present laws of mainland China.  ...
.

Now both Chinese government and many Chinese people like to celebrate the valentine's day, the.....day based on the west culture in laws and in practices.

But I prefer the traditional Chinese culture if it is practical.

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Post time 2011-6-9 15:02:10 |Display all floors
If the income tax threshold is RMB 3,000 in laws, actually it is RMB 5,798 in practices.


2011-06-09
source:
h ttp://news.youth.cn/caij/201106/t20110609_1609462.htm

++++++++++++++
hahaha...Our government officials are good at playing with number games.

At last, government officials follow a special law.

Ordinary Chinese follow a different law.

Richest Chinese can easily escape the taxes from the loopholes of the laws.

++++++++++++
Why are nearly half of congress members entrepreneur???

Why are more than half of congress members aslo the present government officials??

The last 2 member are from communist party commission in villages.

None of farmers and workers in Congress...hahahaa..

from a released data of district congress in Xiamen.

[ Last edited by 468259058 at 2011-6-9 03:08 PM ]
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Post time 2011-6-9 15:49:18 |Display all floors

Why SO COMPLEX?

Just TAX the revenue merchants!

and keep low tax for the middle class, workers, farmer/rural gentry, underclass.

Basically INCOME will eventually reach such proportions:-
(1) Revenue Merchants - 15% to 20% of GNP (currently very high, process and manufacturing export state - probably 35% with large stakes by foreign revenue merchants investing in China)
We have 30% top rate income tax - or 5 to 7% of GNP - enough to run the Bureaucracy and pay for the Infrastructure Construction! We can gain more as many Revenue Merchants are STATE OWNED - dividends, or collect indirect tax - such as Value added taxes - that adds up to 10% of GNP! Additional spending can be created via STATE minting of new funds during downturns!

(2) Middle Class - when fully develop, will have 30% to 35% of the GNP. (currently it's less probably 20%)
As they represent about 20% of the most active citizens in the population, they will find way to reduce tax to be paid. Generally, we can only collect 10% of the income or 3% of GNP, (the rest indirect via Revenue Merchants - expecially PETROLEUM, COAL, HYDRO, GAS, supplies and in China value added tax)

The income/direct tax, voluntary contribution/levy collected should be used for SOCIAL SECURITY purpose!

(3) The rest of the population.
We should have an income of at least 45% to 55% of the GNP. We'll probably get around 5% direct tax or 2.5% of GNP, and the rest via revenue merchants. (currently from data "leaked" by China - it's 38% for workers, probably 7% for farmers!)

The income/direct tax - levy must be used for SOCIAL SECURITY purpose!

Social Security budget includes
(1) Free or nearly free Basic Health care
(2) Free or nearly free Basic Education.
Retirement investment fund, salary levies should be recycled back to the community in form of
(3) Retirement lump sump at age 50 or 55 (so they can enjoy before becoming too unhealthy)
(4) Old Age Pension - survival money for food and utilities!
(5) Insurance for disabilities, accidents, and even a limited unemployment payment when in between jobs!

cheerios!

Green DRagon
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[ Last edited by greendragon at 2011-6-9 04:01 PM ]

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Post time 2011-6-9 16:59:26 |Display all floors
Originally posted by greendragon at 2011-6-9 15:49
The income/direct tax - levy must be used for SOCIAL SECURITY purpose!
Social Security budget includes
(1) Free or nearly free Basic Health care
(2) Free or nearly free Basic Education.
Retirement investment fund, salary levies should be recycled back to the community in form of
(3) Retirement lump sump at age 50 or 55 (so they can enjoy before becoming too unhealthy)
(4) Old Age Pension - survival money for food and utilities!
(5) Insurance for disabilities, accidents, and even a limited unemployment payment when in between jobs!.
.
There are at least 2 law systems in China.

One is for government officials.
Government officials need to pay nothing for Social Security purpose.

The 2nd law system is for ordinary Chinese
ordinary Chinese with city-hukou and their companies have to pay RMB 1,500 to government for Social Security Purpose, if the salary of one employee is RMB 3,000.

++++++++++
the same time, retired government officials enjoy 4 times of retirement pension than the same social level officials in government-owned companies, let alone ordinary Chinese.
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Post time 2011-6-9 17:03:13 |Display all floors
Among government officials,

After the latest reform,
Now officials in government-owned companies have already begun to follow the 2nd law system.
Only the officials in government and some officials in a few of government-owned organizations can pay nothing for Social security purpose.
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Post time 2011-6-10 12:39:09 |Display all floors

Reply #47 468259058's post

In the Malayan Federation, the post tax income of the BIGGEST revenue merchant is PETRONAS.
In 2010, it's income was US$30 billion.(That's about 9% of the federation's GNP <US$330 billion>)
More than that, REVENUE TAX on fuel supplies = US$10 billion!!!! (That's about 3% of GNP)

That's more than enough to pay for the REGULAR GOVERNMENT functions!
Armed Forces, Police, Institutions, Bureaucracy + enforcement officers!
(that's about 500,000 - 550,000 federal employees)

The rest of the employees are for SOCIAL SECURITY function!

cheerios!

Green DRagon
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