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Old 08-24-2005, 11:15 AM
VJW VJW is offline
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Default Re: Flat Tax Pros & Cons

Quote:
Originally Posted by Bruce Wayne
I would like to think VJW that even you can see that such a system of flat tax with high personal allowance certainly would not harm low earners as they would probably get to keep large chunks, if not all, of their salary as personal allowance.
But the “flat Tax” only benefits the wealthy, which is why 98.5% of the citizens of Hong Kong avoid it.

As should we.

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