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(뉴스) 2013.09.06 - DP lawmakers propose tax hikes for the rich
최고관리자 | 13-09-06 08:28
DP lawmakers propose tax hikes for the rich
Debates on whether to raise incomes taxes on the wealthy will likely be heated between ruling and opposition lawmakers during the September plenary session of the National Assembly. While the governing Saenuri Party had taken a skeptical stance over demands to increase the tax burden on the high-income bracket, opposition lawmakers have revived the issue. Along with the opening of the plenary session, 10 lawmakers of the main opposition Democratic Party proposed a motion to raise the upper ceiling on tax rates and widen the scope of the top tax bracket. The motion features a proposition to elevate the maximum tax rate to 45 percent (when a variety of deductions are not calculated) for an individual whose annual income exceeds 500 million won ($435,000). Currently, the upper ceiling is 38 percent for those who earn more than 300 million won per annum.
* plenary session = 전체 회의, 총회, 본회의/ stance (on/over ~) = (~에 대한) 입장(태도)/ motion = 발의, 동의/ tax bracket = 과세 등급
Debates on whether to raise incomes taxes on the wealthy will likely be heated between ruling and opposition lawmakers during the September plenary session of the National Assembly. While the governing Saenuri Party had taken a skeptical stance over demands to increase the tax burden on the high-income bracket, opposition lawmakers have revived the issue. Along with the opening of the plenary session, 10 lawmakers of the main opposition Democratic Party proposed a motion to raise the upper ceiling on tax rates and widen the scope of the top tax bracket. The motion features a proposition to elevate the maximum tax rate to 45 percent (when a variety of deductions are not calculated) for an individual whose annual income exceeds 500 million won ($435,000). Currently, the upper ceiling is 38 percent for those who earn more than 300 million won per annum.
* plenary session = 전체 회의, 총회, 본회의/ stance (on/over ~) = (~에 대한) 입장(태도)/ motion = 발의, 동의/ tax bracket = 과세 등급
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