So there is a base rate, bellow that rate people dont pay income tax. Over that, people pay based on a scale.
From what i see being discussed andrew is saying it should be a fixed rate after the decided on level of personal income. I can sort of see the logic behind it as far as being fair. Bill gates pays 20% as do i for example. On personal income tax.
Corporate tax is different. And margins are small. Most companies in taiwan pay between 1 and 2 % on total income (cannot deduct costs). Or the audit system which is moving to 20% on profit. Its not a fixed rate for the first system but its more or less the same and its somehpw based on business item and arrangement. But the percentage gap is so small its not worth rocking the boat.
It seems perhaps Andrew is mentioning it should be like this for personal income tax as well, same across the board, and not taxing success higher.
In theory it seems a valid argument. In practice its mpre complicated. But i can see the logic in equality if people are taxed equal percentages after a base amount (which in taiwans case shoul. be more than roighly 1000usd). Theory being why punish hard work. Then enter reality and wealth isnt always earned its just given such az if a person has a billion in a savings account that makes 0.5% interest…living wage easily with doing nothing afterwards. But they worked for the money. Fair argument bot to punish them. Inheritance the person recieving didnt earn it, should they be taxed? But why cant a perspn give away what they want? In canada we can give our family gifts tax free if i remember correctly. Such as real estate. Frankly im on board with not taxing that. I work my ass off, pay income tax, property tax, sales tax etc. Sometimes my income gets taxed 3 times at the time of leaving my possession. If they want to tax my property when i die and give my kids its a bit much to make excuses for. It seems a bit mafia style.
What then of taxation without representation. Such as foreigners or people not yet voting age? These lines arent so easily defined.