Doing some research again, I stumbled across this little Gem: ask yourself which one of these countries sounds more Communist?
Perhaps most shocking is increase in dividend tax rates, set to rise from 15% to as high as 43.4%. Individuals who start productive businesses are being heavily penalized. Individuals who save their money and put it to work investing in other people’s businesses are being heavily penalized. This says a lot about government values.
Ironically, the new government of the People’s Republic of China has decided the REDUCE their tax on dividends. Years ago it was 20%, then dropped to 10% in 2005. Effective January 1st, though, the dividend tax rate in China will drop to a mere 5%.
Tell me again… which of these nations is Communist?
See site for full story here: http://www.sovereignman.com/tax/tell-me-again-which-of-these-nations-is-communist-9924/
No comments:
Post a Comment