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"The same amount of tax is paid but more of it is paid in Australia.
The current project, he added, is expected to generate the same amount of tax revenue as the food distribution center, which was projected at $7 million a year.
They also do not dispute the notion that a flat tax could never generate the same amount of tax revenue while also maintaining the same relative burdens on the wealthy and the middle class.
The use of multiple schedules is questionable on grounds of both neutrality and horizontal equity (persons with the same income, under like circumstances, paying the same amount of tax), and countries with schedular taxes frequently supplement them with a progressive rate scale applicable to total income.
This presents a problem for Treasury ministers, in so far as every donation to charity, whether its purpose is to soothe the last days of a donkey or lift a child out of poverty, attracts the same amount of tax relief.
If George Osborne has his way, Britain will have a tax system where an individual earning £45,000 with dependent children and a non-working partner will pay exactly the same amount of tax as a single, childless person with the same income.
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Another of Mr. Romney's goals — making sure the wealthy continue to pay the same amount of taxes — could be difficult to achieve, the analysis suggests.
But then you say you've got to pay the same amount of taxes, and you're going to get less".
-Assuming that this number of taxpayers each pay on average the same amount of taxes you do, how much revenue is generated by this income range for the government?
For example, if two similar families have the same income, they should ordinarily pay roughly the same amount of income tax, regardless of the sources or uses of that income".
There are a couple of ways the Government could get rid of the deficit altogether – abolishing rebates on diesel to mining and agriculture companies, getting multinationals and big mining companies to pay the same amount of company tax that everyone else does, including property in means testing for the pension (each year we pay $3 billion in pensions to people with over $1 million in assets).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com