Quote:
Originally Posted by GirlySports
Taxes are needed but today no party in the Western world dares to raise taxes in fear of not getting voted in.
Is it the people today that are too selfish and can't accept more taxes. I just listen around my office and people think taxes should be LOWER!
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Taxes will always be high here due to our minuscule population in such a big country.
In Hong Kong they top tax bracket is at 17%. Population of 8million in 3/4 the size of Calgary.
- Nil to HKD40,000 - 2%
- HKD40,000 to HKD80,000 – 7%
- HKD80,000 to HKD120,000 – 12%
- HKD120,000 upwards – 17%
and they do not have capital gains tax or a sales tax either.
Also I'm flying back later on this year to pick up my $6000 which the HK govt is giving to anyone with a Hk citizenship card. hehe