Raise IIT again?

Raise IIT again?
Aug 8, 2008 01:32
FRANKENSTEIN Points: Join Date: Nov 29, 2004 Status: offline	IIT (Individual Income Tax) has become a hot topic again. Several experts have suggested that IIT should be raised to 3000 RMB at least and this has been welcomed by majority of people. Now the prices have rising very fast. However, the salaries are increasing slowly. Their expense is more than their income. In order to increase people’s income, IIT should be raised. Meanwhile, the interest tax should be lowered too. Actually, IIT had been raised in March from 1600 RMB to 2000 RMB. But people seem not to be satisfied with IIT increase. Do you think it is necessary to raise IIT again? Is it useful to increase people’s income?

Aug 8, 2008 01:32

FRANKENSTEIN
Points:
Join Date: Nov 29, 2004
Status: offline

IIT (Individual Income Tax) has become a hot topic again. Several experts have suggested that IIT should be raised to 3000 RMB at least and this has been welcomed by majority of people. Now the prices have rising very fast. However, the salaries are increasing slowly. Their expense is more than their income. In order to increase people’s income, IIT should be raised. Meanwhile, the interest tax should be lowered too. Actually, IIT had been raised in March from 1600 RMB to 2000 RMB. But people seem not to be satisfied with IIT increase.

Do you think it is necessary to raise IIT again? Is it useful to increase people’s income?

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