Views: 14226|Replies: 53

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

Rank: 8Rank: 8

Gold Medal September's Best Writer 2012

Post time 2011-3-25 21:40:19 |Display all floors
Employee need to pay 8%*10,000 + 2%*10,000 +3 + 0.2%*10,000 + 12%*10,000 = 2,223 for type of fee to government
Employee need to pay 780.4 for income taxes.

Now the employee gets 7,000 yuan.

If the employee consume with this 70,000 yuan, he need to pay 350~3,918 yuan for type of taxes.

source: news.ifeng.com/mainland/detail_2011_03/25/5354640_0.shtml


The company need to pay nearly 1/3 *10,000 = 3,300 for type of fee, including retirement insurance, health care insurance, and other insurance to government.


That is to say:

If your monthly salary is 10,000 yuan in Beijing, you and the company have to pay 5,873~10,518 all type of taxes and fee to government.

Monthly salary: 10,000 - Taxes and fee: 5,900 ~ 10,500 in Beijing

Use magic tools Report

Rank: 8Rank: 8

Gold Medal September's Best Writer 2012

Post time 2011-3-25 21:43:11 |Display all floors
Originally posted by 468259058 at 2011-3-25 21:40
The company need to pay nearly 1/3 *10,000 = 3,300 for type of fee, including retirement insurance, health care insurance, and other insurance to government.
.
This fee isn't mentioned in the above news report.

Use magic tools Report

Rank: 8Rank: 8

Gold Medal September's Best Writer 2012

Post time 2011-3-25 21:46:33 |Display all floors

Is chinese taxes high or low?

Originally posted by 468259058 at 2011-3-25 21:40
Monthly salary: 10,000 - Taxes and fee: 5,900 ~ 10,500 in Beijing  ...
.
If your monthly salary is 10,000 yuan in Beijing, you need to pay taxes and fee between at least 5,900 and at most 10,500 to government.

Use magic tools Report

Rank: 6Rank: 6

Post time 2011-3-25 22:02:05 |Display all floors
Ok, now you add the inflation that consumes your salary and the money that flows to the government if you buy a house and you're understanding the reason why it is so hard for many people in Beijing to make a life...

Inflation sucks -.-

Use magic tools Report

Rank: 8Rank: 8

Gold Medal September's Best Writer 2012

Post time 2011-3-25 22:25:04 |Display all floors
Originally posted by Everynowhere at 2011-3-25 22:02
Inflation sucks -.-
.
I have made the money supply comparison between Chinese yuan and US dollar in the #35 post of the following link
bbs.chinadaily.com.cn/viewthread.php?gid=2&tid=690371&page=2&extra=page%3D1

Is it right or not?

Were Chinese government crazy on printing money paper in the past 20 years?

Use magic tools Report

Rank: 8Rank: 8

Gold Medal September's Best Writer 2012

Post time 2011-3-27 00:10:46 |Display all floors
Originally posted by 468259058 at 2011-3-26 23:51
individual income tax
.
Actually, it is not secret in China.

Richest Chinese can easily escape income tax.

Many of them have gotten profits about 1,000,000 ~3,000,000 for each apartment deal in Beijing housing market during the past 5 years. But they need to pay nearly nothing for income tax in China.

The entrepreneur can also easily escape from the present income tax which designed for workers in China.

The house welfare, education welfare, health care welfare, and the other welfares of government official are much higher in the percentage of family income than workers in companies.  But these income don't be calculated in income tax in China.

No doubt the Poor people need to hand in a much higher percentage of their total income to government than the rich people, than the government officials, especially in the reform policies from the late 1990s.

Use magic tools Report

Rank: 8Rank: 8

Gold Medal September's Best Writer 2012

Post time 2011-3-27 00:35:33 |Display all floors
Originally posted by 468259058 at 2011-3-27 00:10
the Poor people need to hand in a much higher percentage of their total income to government than the rich people, than the government officials, especially in the reform policies from the late 1990s.  ...


Supposed the Poor Chinese, most of them are company employee, need to hand in 40% of their total income to government.
The Rich Chinese, most of them are entrepreneur and government officials, need to hand in 20% of their total income to government.

As a whole, the Poor Chinese enjoy a much lower social welfare than the entrepreneur and government officials, such as land rental prices, such as retirement pension, ...

Of course the wealth gap would be widen larger and larger.

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.