So on 60 Minutes last night they had on Li Na who is a top woman's tennis player.
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One little tidbit they mentioned was that she had to go through some hoops to be able to run her own career rather than having the State run it. Which means she has to pay for her own coach, travel etc.
Had she stayed with the State her tax rate would have been 60% :eek: . They made it sound like this was outrageous and it was outrageous that the Gov't (who paid for her lodging and training from the time she was a child) would take that much.
Luckily with "New" China her rate is much lower - they don't say how much lower I don't think.
So considering China is the "Land of Evil Communism" and the USA is the "Land of the Awesome Free" what gives?
We have residents on this board who seem to think China's tax rate is to low ....
Link to clip
One little tidbit they mentioned was that she had to go through some hoops to be able to run her own career rather than having the State run it. Which means she has to pay for her own coach, travel etc.
Had she stayed with the State her tax rate would have been 60% :eek: . They made it sound like this was outrageous and it was outrageous that the Gov't (who paid for her lodging and training from the time she was a child) would take that much.
Luckily with "New" China her rate is much lower - they don't say how much lower I don't think.
So considering China is the "Land of Evil Communism" and the USA is the "Land of the Awesome Free" what gives?
We have residents on this board who seem to think China's tax rate is to low ....
Li Na on 60 minutes ... 60% tax rate = communism?
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