Yao Yang Says Around 100 Million People in China Actually Pay Income Tax; Annual Income of 100,000 Yuan Places One in the Top 10% of Taxpayers

Economist Yao Yang, Dean of the Dishui Lake Advanced School of Finance at Shanghai University of Finance and Economics, said in a video posted on "Yao Yang Shuo" that about 100 million people in China actually pay individual income tax, that an annual income of 100,000 to 120,000 yuan puts one in the top 10% by income, and that an annual income of about 300,000 yuan puts one in the top 1%. The bottom 10% of earners account for only 0.4% of all income and have negative net wealth, and around 600 million people nationwide still earn less than 1,000 yuan per month.

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李老师不是你老师

2026-10-23 14:32 · 经济学家姚洋称中国实际缴纳个税者约1亿人，年收入10万即属缴税人群收入前10%，最低10%人群净财富为负。

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Sayings · 2026-10-23 14:22 Economist Yao Yang says that about 100 million people in China actually pay income tax, that an annual income of 100,000 already places one in the top 10% of taxpayers by income, and that the net wealth of the bottom 10% is negative.

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