this post was submitted on 04 Jul 2025
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chapotraphouse

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[–] [email protected] 0 points 6 days ago (1 children)

So is there very little (or no?) income tax?

[–] [email protected] 0 points 6 days ago* (last edited 6 days ago)

Only ~5% of the population (~70 million people, or ~9% of total workforce) have to pay personal income tax, because most people don’t even reach the minimum income needed (5000 yuan/month, or ~$700 USD/month) to qualify for income tax payment. The wealth disparity is huge.