A quick calculation shows that the income group of $300,000 to $800,000 is the hardest hit by the Budget.
The people in this group have been hit harder by the tax increases, than any other sector of society, in both relative and absolute dollar terms.
How can Financial Secretary Antony Leung Kam-chung consider it fair that a person now earning $550,000 a year has to pay an extra $14,560 tax while someone on $1.45 million will pay only $14,500 more? In terms of salaries, members of the former group will have to pay an extra 2.7 per cent of their salaries, while for individuals like Mr Leung the increase will amount to a meagre 1 per cent.
Yes, we all have to share the burden in these difficult times, but some (who are not so well represented) are having to 'share' more than others.
B. LEE
Tsing Yi