60% of Singaporeans do not pay income tax
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??? CPF is CPF what? anyway my cpf is not with the government... I invest it all...Originally posted by siaokao:Do u pay CPF? Should be in the 33% bracket? U like to believe thats not tax? -
U r investing on gov's behalf. Can u cash out the $$?Originally posted by banzie:??? CPF is CPF what? anyway my cpf is not with the government... I invest it all... -
Originally posted by oxford mushroom:
Is it amazing that one can BLINDLY quote the government and accept it as bible truth - without a blink of the eye or a pinch of salt ?
"Both Japan and Taiwan levy a GST of 5 per cent, but even those in the lowest income brackets pay personal income taxes of 10 and 6 per cent respectively.
In effect, they impose an even greater tax burden on lower-wage workers, compared to Singapore 'where lower-wage workers, and indeed [b]around 60 per cent of Singaporeans, do not pay any personal income tax'."
(Enlarging the Budget pie and slicing it differently, Straits Times Nov 1
It is not widely known that only 40% of the population are paying income tax to support 60% of the population. Increasing revenue from direct taxes will penalise the very people who have been contributing to the nation's coffers. With countries in the region cutting their corporate taxes, Singapore has to rely on higher indirect taxes and reduce the proportion of revenue arising from income and corporate taxes. Otherwise, the minority tax payers can very well vote with their feet and offer their investments and skills to someone else.
On transport, the government should increase ERP charges and road tax for private vehicles and invest revenue towards improving public transport or subsidizing the transport costs for the poor. Higher taxes for private vehicles can be used to give poorer Singaporeans a significant discount on public transportation.
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If 60% of Singaporeans (6 out of 10) do not pay 'personal income tax' - should we not be asking if IRAS has NOT been very diligent in detecting and plugging this very glaring anomaly ?
Are we then overpaying the senior civil servants at the IRAS for doing a very poor job ?
Should we not also place responsibility on the Permanent Secretaries, and Minister of State for Finance, and the Finance Minister himself - for this serious oversight and mismanagement ?
6 out of 10 Singaporeans do not pay tax - what could possibly be the reason ?
Is the unemployment rate higher then what has been publicised, or is the dispute between the Department of Statistics and the University Professors based on some data that is not totally revealed ?
Could it also be that 6 out of 10 Singaporeans are not FULLY EMPLOYED and could hardly fall into the tax net, based on IMPERMANENT SHORT TERM EMPLOYMENT CONTRACTS - as encouraged by the NTUC and Ministry of Manpower ?
Are we being told the truth of the Employment situation in Singapore, or is the truth politically unbearable ? -
Originally posted by freakass:
Pre GE2006
oxford mushroom, if I were you, I wouldn't post such threads in sgForums... Seems like the opposition parties have planted their supporters in this online forum... I'm not taking sides with the PAP or wat, but I do realise that there's a trend to criticize whatever policy made by the government, be it good or bad... If it's good, they will say that the government has an ulterior motive... If it's bad, they will take the chance to shoot off like there's no tomorrow... This only happens in sgForums...
So my point is... mushroom guy, just give up lah... abandon this thread and never start threads regarding the government anymore... It's just not worth the time and effort...[/b]
02/2006 Parliament announce $2.6 billion progress package
03/2006 Power Tariffs decrease by 2.54%
(Taken from Do you remember? blog: http://keepingtrackofchanges.blogspot.com/
Then, May 6 comes GE. Not ulterior motive, then what is it?
If it's bad, example, GST hike, it's something that affects everybody and the "reason" that PM gave is not that convincing, how can we not express our anger? -
Maybe if PAP suggested that the gst might go up 2% during GE2006, the general consensus might still be inclined to accept, like wow PAP is so frank.
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And their general consensus is made up of the senior civil servants?Originally posted by ditzy:Maybe if PAP suggested that the gst might go up 2% during GE2006, the general consensus might still be inclined to accept, like wow PAP is so frank. -
side track abit -> hahahz, maybe the increase in GST to 007% is to tie in with James Bond's new movie 007?
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okie.. i know very lame -
someone spoke of the progress package right? there is something i don't understand it.. seems like the goverment just anyhow anyhow give.. it is said to help needy people right? compare these two situation ->
single working parent, 3 children, 1 in NS, 1 in Secondary, 1 in Primary, family income only SGD1800, stay in 3room flat, received $450 in total from progress package..
both parents working, 2 children; 1 NS the other an executive in banking firm, stays in CONDO, owns a 5ROOM HDB, 2 HONDA Civic, family income SGD8500, received $1000 in total from progress package..
honestly you think fair?
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another example ->
a secondary student, below average family, canot afford tuition, goes to ITE, branded as failure..
another primary student, family rich, tuition like mad.. score class top 3, receive scholarships and bursary.. branded as ELITE..
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my english is bad and have difficulties explaining what i have in mind.. hope you guys understand my concern.. -
every since i primary school already got problem, school gives up on students, focus on those smart alex, so that they will produce better results and school can rank higher or what..
but so sad.. if they publish schools with worst results or highest failure rates.. i think many people will look at many schools in another different way.. -
okie.. talk so much crap.. now touch on topic.. hehehx
seriously speaking.. unable to pay income tax not our fault what.. as if we are earning so much.. furthermore.. they suck our blood so dry.. if still expect us to pay more.. we might as well go die le..
they try to make standard of living higher.. but real income still so low.. honestly how many people can really survive this kind of lifestyle..
its not that many Singapores dun save for OLD age..
is PAY AND PAY SO MUCH HOW TO SAVE FOR OLD AGE~!!!
education must study to Uni den got future.. through the process spend how much already.. pay for flats take up how much already.. boss give so little.. yet food and transport so high.. wah lao eh.. average $2.5 for one plate of [little chicken little rice] chicken rice.
if you rich dun talk so much.. just like that stupid B*TCH.. "get out of my elite, uncaring face".. got future, got money.. dun talk.. ever really concerned or care? just wan earn more..
imagine why i dun see those people stay in HDB.. can afford big big private houses mah.. imagine some people save a lifetime also cant save up so much..
say wan take care of poor people.. in the first place who make them poor..
honestly speaking.. the 2 things i like about Singapore is that it is quite save.. multi-racial also.. that is all.. no race discrimination.. if not i already emigrate le..
also because no money.. how emigrate.. is like no money to leave.. no money to survive here.. kao.. no wonder so many people wan jump at MRT
anyone can help calculate.. roughly how much it is needed for someone to survive in singapore? take to consideration for house, food, transport, education and other basic needs for 3 children and 1 parent..
imagine lah.. not aging population also.. is no money how to have so many children? still wan more babies.. PUI in the face of those WHITE CROWS.. -
ahem* calms down* reads out standard disclaimer
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Sorry lor, my friend'd cousin also tuition like mad till he become a total nerd, but only got into some ulu JC.Originally posted by o_x:another primary student, family rich, tuition like mad.. score class top 3, receive scholarships and bursary.. branded as ELITE..
With reference to your baby thing, I agree. The so-called baby bonus is catered for the better-well-off only, those that are not so well off one doesn't benefit much from the baby bonus. So when there is so little well off people to replace population, that gives Gahmen the reason to bring in FTs to "re-populate" Singapore. Then the vicious cycle goes over again one more time.... -
hahha, those tax monies went into paving the tramac for your new SUVs long long time ago, and CPF? ahahaha...what CPF?Originally posted by TYING:Then what is CPF for? Yes, the government do give subsidies which is still from the tax payer money. But isnt the elderly using the tax money that they once paid too? -
Guys, we all complain and complain. But what's the point? Every month, their salary still gets into their pocket while we complain. You think they really give a damn? Nah~ They are ignorant to the sufferings.
All we can do is spend less and earn more to increase cashflow and reduce spending.
doko -
According to what Low Thia Khiang said in parliament, quoted from some statistics, you'll need about $1300 for necessities per family; excluding supporting 3 children and 1 parent.Originally posted by o_x:anyone can help calculate.. roughly how much it is needed for someone to survive in singapore? take to consideration for house, food, transport, education and other basic needs for 3 children and 1 parent.. -
Then they will say that the lack of consumer spending has severely impacted the economy.Originally posted by dokono:Guys, we all complain and complain. But what's the point? Every month, their salary still gets into their pocket while we complain. You think they really give a damn? Nah~ They are ignorant to the sufferings.
All we can do is spend less and earn more to increase cashflow and reduce spending.
doko -
if what i learnt from poly is right..Originally posted by fudgester:Then they will say that the lack of consumer spending has severely impacted the economy.
they should encourage spending... so that GDP will go up.. and when the ppl dun spend.. govt have to step in n start spending...
so when we dun spend.. the GDP will go down.. bla bla bla...
but with an increase in tax and all that... who dare to spend?
i rmb last time my lecturer said.. the japanese are very good at saving.. den the govt in an attempt to encourage spending.. made all banks impose a penalty on ppl who keep their money in the banks (sth like what they're doin with the minimum balance thing.. but different.. this one is encouraging us to save more) -
1.3k enuff meh?Originally posted by anonymouscoward:According to what Low Thia Khiang said in parliament, quoted from some statistics, you'll need about $1300 for necessities per family; excluding supporting 3 children and 1 parent.
i 1 person eat nia... also not enuff...
=( somemore i no give mother money de... -
Alamak, you notice the word "necessities"?Originally posted by shinta:1.3k enuff meh?
i 1 person eat nia... also not enuff...
=( somemore i no give mother money de...
That means only for necessities like food, water, transport, electric bills, education etc etc etc.
But I wonder is the electric bill of running a computer counted or not...... -
hanorOriginally posted by Hogzilla:Alamak, you notice the word "necessities"?
That means only for necessities like food, water, transport, electric bills, education etc etc etc.
But I wonder is the electric bill of running a computer counted or not......
necessitites lor..
eat n transport and sometimes er wat u call it? shampoos n all that..
cos i more troublesome... must use different shampoo.. otherwise the head so greasy very disgusting -
Woooo~Originally posted by shinta:hanor
necessitites lor..
eat n transport and sometimes er wat u call it? shampoos n all that..
cos i more troublesome... must use different shampoo.. otherwise the head so greasy very disgusting
That's another issue lah.... -
Originally posted by Hogzilla:Woooo~
That's another issue lah....
but otherwise everything spend mama de..
liddat 1.3k still not enuff
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wah.. in that case imagine two working adults trying to feed and shelter 3 children plus 1 elderly.. wun that already cost more than $4000? and imagine how much average each person is earning per month.. tsk tsk
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Cool it man. The thread starter merely posting about an article in the papers for all to discuss. No need for all that bashing.
IMO, this article is yet another excuse for raising the GST. Take for example, the Finnish guy who came to work here coz of the 'lower' income tax. In his words, he doesn't 'benefit' from the high income taxes back home. Isn't this self-centred? He would rather have lower income tax and raise GST which obviously affects all including those old, sick, and jobless. -
Businesses are profit-motivated and individuals are self-centred. That is a fact of life. The tax policy in Scandinavian countries like Finland penalizes the young workers to benefit the old and unemployed. As a result, tax payers like this Finnish guy would rather bring his skills to Singapore, where he is better off financially.Originally posted by highway69:Cool it man. The thread starter merely posting about an article in the papers for all to discuss. No need for all that bashing.
IMO, this article is yet another excuse for raising the GST. Take for example, the Finnish guy who came to work here coz of the 'lower' income tax. In his words, he doesn't 'benefit' from the high income taxes back home. Isn't this self-centred? He would rather have lower income tax and raise GST which obviously affects all including those old, sick, and jobless.
As stated in a review by KPMG, ".. from our past 14 yearsÂ’ tracking experience it appears to be economically and socially desirable for countries to strive for lower corporate income taxes. Corporations are sensitive to income tax rates, and the enhanced mobility of capital and labor all over the world increases their ability to transfer functions from a high tax regime to a low-tax country."
(http://www.kpmg.com/Services/Tax/IntCorp/CTR/)