tag:blogger.com,1999:blog-8772491888812684500.post3610963856409620654..comments2024-03-21T14:35:09.854+08:00Comments on Singapore Notes: Down And Out In Singapore And Other CountriesTattlerhttp://www.blogger.com/profile/11037010707866164010noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-8772491888812684500.post-21740249361496041092011-10-14T17:58:18.123+08:002011-10-14T17:58:18.123+08:00@Anonymous October 13, 2011 11:38 AM
Please stop ...@Anonymous October 13, 2011 11:38 AM<br /><br />Please stop propagating the falsehood that income tax rate in Australia is 45% flat!<br /><br />Income is taxed at:<br />15% $6001 - 34000<br />30% $34001 - 80000<br />40% $80001 - 180000<br />45% only sets in from annual income of $180,001Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-63397145086787007962011-10-14T16:09:59.077+08:002011-10-14T16:09:59.077+08:00Actually thanks to the low income tax offset we en...Actually thanks to the low income tax offset we enjoy a tax free threshold of 16K/year.<br /><br />http://en.wikipedia.org/wiki/Income_tax_in_Australia#Low_Income_Tax_Offset<br /><br />And overall tax rates are far lower than the nominal rates. 150K of household income is only taxed at 20%.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-42744885945977243152011-10-14T11:57:23.677+08:002011-10-14T11:57:23.677+08:00U got that rite...
PAP government is for PAP and ...U got that rite...<br /><br />PAP government is for PAP and its cronies only.<br /><br />It is not a Singapore gov't for singapore.<br /><br />It is really depressing to see this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-1072502414677532292011-10-13T23:57:55.612+08:002011-10-13T23:57:55.612+08:00All along the pap government is fattening itself a...All along the pap government is fattening itself at the expense of citizens.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-67259461288283504122011-10-13T18:30:09.841+08:002011-10-13T18:30:09.841+08:00Hi Tattler,
I hope you would do a piece on the ta...Hi Tattler,<br /><br />I hope you would do a piece on the tax known as Medisave (MS)...<br /><br />A close relative of mine recently got her pay ($900 for 2 weeks work) but after deducting MS, her net take home income was just $600+. We don't mind so much if we can get back our MS $ one day and if MS is as good as any medical insurance policy out there but we PAY A LOT MORE & GET A LOT LESS compared to medical insurance.<br /><br />To call MS a raw deal would be a massive understatement! If MS is a savings scheme, at what age can we withdraw our savings? How about NEVER?<br /><br />MS is really a tax with a few miserable "medical insurance bones" thrown in. Tell me I am wrong!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-35663844093737581852011-10-13T16:03:11.048+08:002011-10-13T16:03:11.048+08:00http://www.globalpensionindex.com/country-summarie...http://www.globalpensionindex.com/country-summaries-2011/singapore-2011/<br /><br />Aiyah, there's the REAL first-world country, and there's the FAKE first-world country. If you look at the 2011 Mercer Pension Index, Singapore is ranked 15th out of 16th (yep that's right, just one above poor India) when it comes to Adequacy for pension retirement, you know how pathetic singaporeans' Confidence in the Future is with this new President. Let alone everyday we're reminded of the stark reality by looking at our tissue sellers and table cleaners. The index has fallen compared to previous year in "Adequacy, Sustainability & Integrity". Keep coming up with all these convoluted schemes and top ups, in the end we're paying MORE while our SWF are enriching themselves to GIVE LESS back.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-82533662923540535382011-10-13T15:55:53.776+08:002011-10-13T15:55:53.776+08:00Singapore was never built to follow these welfare ...Singapore was never built to follow these welfare countries. So comparision with down-under and Canada is essentially not correct. But having said that, Singapore did promise usto achieve Swiss stnadard, something that was said and forgotten.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-46052575266575736382011-10-13T14:03:55.331+08:002011-10-13T14:03:55.331+08:00is financial slavery at work. by buying HDBs - whi...is financial slavery at work. by buying HDBs - which u dont have a choice not to unless u are born rich - all singaporeans are unknowingly helping to prop up the escalating public housing prices and the coffers of temasek and GIC. the scheme gained urgency after the huge losses by these sovereign wealth funds.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-21120394794350079362011-10-13T11:38:04.874+08:002011-10-13T11:38:04.874+08:00the problem is that the personal income tax rates ...the problem is that the personal income tax rates in racist down under & racist canada are at around 45%Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-67447309620522513322011-10-13T11:31:58.265+08:002011-10-13T11:31:58.265+08:00The whole CPF scheme for retirement is broken. It ...The whole CPF scheme for retirement is broken. It is no longer a retirement account. It is a restricted "savings" account for housing first, medical second, and retirement last.<br /><br />In truth, Singaporeans are the ones subsidizing housing and healthcare through their own savings.Amusednoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-27250559922357804842011-10-13T09:13:57.483+08:002011-10-13T09:13:57.483+08:00The income tax rate for Australia is NOT tax free ...The income tax rate for Australia is NOT tax free for the first $6,000/- per MONTH. The tax free threshold is first $6,000/- per year.<br /><br />Refer to the following link:<br />http://www.ato.gov.au/businesses/content.aspx?doc=/content/12333.htm&pc=001/003/019/001/006&mnu=0&mfp=&st=&cy=<br /><br />The numbers stated is taxable income per YEAR. Please correct the mistake.Anonymousnoreply@blogger.com