... I stand corrected -- Honk Kong first imposed an income tax in 1947. It has a top rate of 16%, a high personal exemption, and capital gains, dividends, and interest income are not taxed! Certainly not as good as no income tax at all, but a much better system then the one we have here! also check me out on www.facebook.com and twitter.com
Orignal From: Income Tax vs. Consumption Tax
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