I used to live on an island with a flat rate taxation (back then it was 8% of your income no matter how high the income is) and that works. However it was expected of you to pay for your own medical bills, no pension from the state, no unemployment benefits, pretty much only welfare was covered. This was quite a few years ago so I imagine the percentage has gone up, but I am willing to bet it is still no where near any mainland taxation.
I pay 42% income tax in the Netherlands, but it covers a lot. I prefer the 42% over the 8% anytime if it means that other people are able to get the healthcare they need.
I pay 42% income tax in the Netherlands, but it covers a lot. I prefer the 42% over the 8% anytime if it means that other people are able to get the healthcare they need.
Best regards,
Leo van Miert
Horsepower is how hard you hit the wall --Torque is how far you take the wall with you
Leo van Miert
Horsepower is how hard you hit the wall --Torque is how far you take the wall with you
