Income Distribution in Singapore
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Don't have the actual raw data, so calculations are just estimates. It shows that 20% of Top Income Earners make 60% of Total Income, while 80% of Middle and Low Income Earners make 40% of Total Income.
Apologies for the information overload.
Assumptions:
1) Total taxpayers are only 731,348, while CPF Board shows 1,324,368 active members. Therefore the difference between the two figures are assumed to be the low income earners, who make less than $20,000 a year and shown in IRAS's statement as zero (under IRAS's below $20,000 row and Resident column).
2) MOM claims that there are 2,341,900, but on checking the Department of Statistics website population statistics, there are around 2.3 million males and females ranging from ages 20-60. I cannot reconcile the difference between CPF Board's 1.3 million and MOM's 2.3 million. Are there 1 million self-employed (CPF Board does not take into account self-employed), housewives, early retirees and handicapped around? Self-employed equals taxi drivers and hawkers? If it's true, then it will increase the high income earners percentage very very substantially.
Source: IRAS
Source: CPF Board
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haha.....95 viewers and still no reply..this "1" is for you...
M13, please give up and stop wasting your time coming out with all these nonsense.... -
Ok I am trying to follow the train of thought here.Originally posted by maurizio13:Don't have the actual raw data, so calculations are just estimates. It shows that 20% of Top Income Earners make 60% of Total Income, while 80% of Middle and Low Income Earners make 40% of Total Income.
Apologies for the information overload.
Assumptions:
1) Total taxpayers are only 731,348, while CPF Board shows 1,324,368 active members. Therefore the difference between the two figures are assumed to be the low income earners, who make less than $20,000 a year and shown in IRAS's statement as zero (under IRAS's below $20,000 row and Resident column).
2) MOM claims that there are 2,341,900, but on checking the Department of Statistics website population statistics, there are around 2.3 million males and females ranging from ages 20-60. I cannot reconcile the difference between CPF Board's 1.3 million and MOM's 2.3 million. Are there 1 million self-employed (CPF Board does not take into account self-employed), housewives, early retirees and handicapped around? Self-employed equals taxi drivers and hawkers? If it's true, then it will increase the high income earners percentage very very substantially.
Yes to point 1 from your statement about the difference being made up of low income earners.
Point 2 :
MOM states that 2.341 million are the total labour force.
Department of Statistics, 2.3 million males and females between the ages of 20-60
CPF board 1.3 million active members. Therefore you have approximately 1 million to reconcile.
This is what I found out from MOM regarding the statistics
"Coverage
The survey covers a sample of private households on the main island of Singapore. It excludes workers living in construction worksites, dormitories and workers' quarters at the workplace and persons commuting from abroad to work in Singapore. To achieve full coverage of the labour force in Singapore, data on residents (also known as locals, i.e. Singapore citizens and permanent residents) from the survey are combined with foreign workforce data compiled from work passes issued by the Ministry of Manpower. This change was made to align with the methodology used in the General Household Survey, 2005 conducted by the Department of Statistics so as to improve the accuracy and comparability of the data. "
I am only not too sure if workpass workers aka foreigners are liable for CPF. I know PR and citizens are liable for CPF. -
We have 4.5m people in Singapore, of which 3.6m are Singaporeans and PRs.
Almost a million foreigners, so that perhaps explains the discrepancy between MOM's and CPF's data.
Nevertheless, I think it's interesting to note that that 20% of Singaporeans earn 60% of all income. -
For all the despotic measures adopted by this regime, I'm curious as to how they haven't tilted the staggered tax system further by introducing a higher income tax (in percentage) for the low income earners - and reduce the income tax for the high earners.
That way, this will truly be an "all-inclusive society" where the economic base of this fascist regime is effectively born almost exclusively by all the commoners.
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The way I see it .
Singapore is a titanic waiting to happen.
The first class passengers are the elite rich while the rest of the population becomes the second class passengers despite the fact that they paid for the passage.
Now the question is titanic sinks - who will have the scarce lifeboats? Obvious right? -
Fruk all these dogs r earning all our revenue!!!!
But I hve 2 thank them let me make a big buck n migrated!!!
All these poor dogs are still licking their wound!!!!
I m worrying my 2 docs who r still serving their bonds with this sucked gov!!!they may go crazy 2 c these stats!!!! -
As usual, constructive comments by the local village idiot.Originally posted by Gazelle:haha.....95 viewers and still no reply..this "1" is for you...
M13, please give up and stop wasting your time coming out with all these nonsense....
Could you actually please use your brains more than your mouth? -
Imagine having the passenger quota for the 1st class cabins quartered and the quota for the rest of the ship increased tenfold to "sustain operating costs" (as this regime would like you to believe).Originally posted by fymk:The way I see it .
Singapore is a titanic waiting to happen.
The first class passengers are the elite rich while the rest of the population becomes the second class passengers despite the fact that they paid for the passage.
Now the question is titanic sinks - who will have the scarce lifeboats? Obvious right? Now, consider the implications on the overloading hazard that arises as a result.
That ship, in essence, is a prime illustration on how this regime is sustained...
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Originally posted by Fingolfin_Noldor:
Even a spastic has a brain but unfortunately cannot utilise it, while an idiot can only make weird noises from the mouth, a lunatic will laugh over nothing.
As usual, constructive comments by the local village idiot.
Could you actually please use your brains more than your mouth?
Can we expect anyone with all these characteristics - formed in one physical entity - cope with the depth and scope of the complex subject matters ? -
I like your analogy.Originally posted by fymk:The way I see it .
Singapore is a titanic waiting to happen.
The first class passengers are the elite rich while the rest of the population becomes the second class passengers despite the fact that they paid for the passage.
Now the question is titanic sinks - who will have the scarce lifeboats? Obvious right?
Really.