Investing

Income Tax vs. Consumption Tax

… 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 http://www.facebook.com/PeterSchiff and http://twitter.com/schiffforsenate
Visited 10 times

Leave a Reply

Your email address will not be published. Required fields are marked *