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by xmly
2757 days ago
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Finally, someone knows the history and common sense. The income tax history is really short. Even in US, the income tax was not significant until recent 50-70years. https://en.wikipedia.org/wiki/File:Federal,_State,_and_Local... The China economy is behind US probably 20-30 years. Its GDP is large because its population is huge. Why the Economist publishes this kind of low-level article? |
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This is actually pretty old and much earlier in development than what China is at right now.