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According to the Heritage Foundation's 2010 Index of
Economic Freedom, Hong Kong has the most economic freedom. Freedom does matter. Hong Kong is the poster child for
superior investment returns following free markets. Investments there have appreciated 71% more than the S&P 500
over the past decade. Hong Kong has an incredibly low tax rate. Individuals are
taxed at the lower of a progressive tax maxing at 17% of
adjusted gross income or a flat tax of 15% of gross. Just as
good is Hong Kong's 16. 5% top corporate tax rate. Hong Kong's government spending is equally low.
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See the elements page of our website for financial information and tips about college planning for your children and grandchildren!
Many parents are concerned about raising their children to
be financially savvy. If you want to raise kids who can
create and manage wealth, there are a handful of key life
skills every child should practice. Every kid should
practice living within a budget before leaving home, not
after. One way to provide opportunities for real world
lessons at home is to give your children some oversight of
the family budget. Just as your children need opportunities in order to develop
their athletic and academic abilities, they also need
opportunities to develop their money management skills.
[click here to read more]
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