Sources say recently that 66 percent of the 6,000 billion yuan of
Chinese residents' deposits come from 10 percent of the residents.
Investigations conducted jointly by the National Bureau of
Statistics and other relevant departments last year among the
150,000 households of urban residents reveal that the earnings of
20 percent high-income households accounted for 42.4 percent of the
total income, with the household per-capita income being 992
yuan.
While the earnings of 20 percent low-income families constituted
only 6.5 percent of the gross income, with the household per-capita
income standing at 124 yuan. High-income level and the level of
poverty have gradually taken shape among urban residents and
families.
How to properly limit the excessive gaps between individual incomes
with due attention paid to both efficiency and fairness? Related
experts pointed out that we must not follow the past old path of
absolute egalitarianism.
China's current practice of levying interest tax, individual income
tax and the upcoming collection of inheritance tax is an active
move to regulate the individual income taps.
Besides, experts also suggested that on the basis of perfecting
existing tax varieties, consideration may be made to begin the
collection of tax on high consumption and on acts of
pleasure-seeking.
(People’s Daily)