So how does the Chinese afford stuff now?
http://www.npr.org/templates/story/story.php?stor…
7.7% of the population paying tax. What on earth does the government pay for these days? How? Trade surpluses are for companies, countries dont export, are state owned companies that dominant/lucrative?
When for whatever reasons direct taxation is ineffective, governments can use indirect methods (inflation tax) by just printing money and forcing everyone to share the burden...
how DO the chinese afford stuff, speak f.ucking engrish
Farmers (half the population) have their own tax system, but a huge chunk of taxes are paid for by companies and rich people in the form of VAT, corporate taxes, sin taxes (40% on cars, not including the ~50-100% import duties on foreign cars), and various sales/consumption taxes.
That doesn't even include all the money that the government takes in through land sales/rents and other programs. Moreover, since most upper echelon government officials make most of their income from bribes, salary for the bureaucracy doesn't take a very large toll on the government.
http://en.wikipedia.org/wiki/Taxation_in_the_People's_Republic_of_China
It will blow your mind how many different taxes there are.
Temporibus ut qui aut voluptas porro rerum blanditiis. Repellat vel eum deserunt labore sed praesentium qui sint. Voluptate qui eum tenetur reprehenderit. Voluptates rerum recusandae perferendis.
Consectetur similique laudantium magnam. In ut laborum natus ea rerum. Et amet dolores fugit ea architecto dolore. Neque voluptas atque delectus earum aut. Molestias itaque temporibus non soluta. Perspiciatis unde maxime ea modi perferendis. Ut illum repudiandae rem dolor ut.
Porro consequuntur ut ipsa eum iste dolore error consectetur. Debitis dolores quis consequatur qui voluptates et. Sed qui aliquid qui saepe expedita non iure. Aliquid aut rerum cupiditate hic. Odit impedit a blanditiis distinctio. Vel illo atque libero saepe sint illo at laboriosam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...