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In China, parents are not expected to work after the age of 65. They may live with their children, who often financially support them in their older years. If an older parent is working, it is viewed as a disgrace to the family. In the United States, parents often work as long as they are able or need to in order to financially support themselves. When they grow older and are unable to live alone, they rarely live with their adult children. What would explain the difference in how the older parent is viewed in China compared to in the United States?
Sales Tax
A tax imposed on sales of goods and services, typically collected by the seller and passed on to the government.
Government Revenue
The total income received by the government from taxes, fees, fines, and other sources.
Regressive
Characteristic of a tax system where the tax rate decreases as the taxable amount increases, imposing a heavier burden on lower-income individuals.
Progressive
Referring to political and social movements seeking to promote change, reform, and innovation in governmental practices and policies.
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