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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: Cogito Ergo Sum who wrote (61074)2/14/2010 6:30:49 PM
From: TobagoJack2 Recommendations  Read Replies (2) of 217581
 
hong kong government, due to the economic boom we are experiencing, is flush with cash, and is now actively deliberating on decreasing our very high personal income tax rate of 15.5% and exceedingly high corporate tax rate of 16.5%

the current 15.5% (and 16.5% for corporates' on-shore profit)is only applicable to on-shore salary income (0% is applicable to on/of-shore dividends, interest, capital gains)

plus we get about 25-50% (higher use nets less govt aid) of our electricity paid for by officialdom largess so as to help the needy

given the tax structure, most proprietors opt for dividend income and focus on off-shore revenue, so as to pay effectively nothing, and

so entrepreneurs are encouraged to be self-reliant and remain sovereign entrepreneurs even as entrepreneur rank swells with enthusiastic newbies

wherever entrepreneurs are championed, true freedom reign supreme

everywhere else is just a tax cow farm, kindergarten, or gulag; same differences
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