It gave top-tier earning expatriates the ability to avoid the standard progressive income tax of up to 43% and instead pay a flat tax rate of 24% on income earned in-country.
According to a longitudinal study of the top 1% in cognitive ability The Study of Mathematically Precocious Youth being in the top 1% in ability disproportionately increases the likelihood of earning a Ph.
But for all their ability to cut costs, Chinese manufacturers are earning a fraction of the margin that U.S.-based marketers and retailers collect by selling Chinese-made goods.
The measure of a soldier can fairly be said to consist of his ability to maintain the respect of his peers and his subordinates while earning it anew from his superiors.
While you may feel that too many people who qualify for welfare possess the ability to work for a living and should be doing just that, the fact remains that earning no money means that there is no income on which to pay taxes.
Their ability to enter into mutually beneficial exchanges have also been impaired, leading to a further decline in income earning opportunities for the 98%.