Income Disparity and Taxation in Taiwan

The video discusses the 2020 income tax data released by the Ministry of Finance, highlighting a significant income disparity between the lowest and highest earners, exacerbated by the COVID-19 pandemic. The government has implemented tax relief measures to ease the burden on individuals while maintaining tax revenue. The video also provides detailed income statistics and regional income analysis, showing the highest income levels in Hsinchu City, Taipei City, and Hsinchu County.

What was the average income of the highest 5% of earners in 2020 according to the Ministry of Finance?

• 3.4 thousand

• 3.4 million

• 505.3 million

• 505.3 thousand

How many times greater was the income of the highest 5% compared to the lowest 5% in 2020?

• 100 times

• 149 times

• 130 times

• 200 times

What is a primary reason for the widening income gap during the pandemic?

• Increased government taxes

• High-income earners' reliance on investments

• Low-income earners' increased savings

• Equal income distribution

What was celebrated on July 1st, as mentioned in the transcript?

• Tax Day

• National Income Day

• Taxation Festival

• Revenue Recognition Day

What was the record high tax revenue achieved in the previous year?

• 2.845 trillion

• 1.5 trillion

• 3 trillion

• 2 trillion

Which city had the highest average income according to the regional statistics?

• Taipei City

• Hsinchu City

• Kaohsiung City

• New Taipei City

What is the average income of Hsinchu City's residents?

• 124.8 million

• 301.2 million

• 135.9 million

• 127.7 million

What factor contributes to the high average income in certain villages?

• Presence of tech industry professionals

• Government subsidies

• Tourism industry

• Agricultural development