Property Tax to be Raised !!!
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money money money, rich at all times, good times and bad times rich rich rich, up up on the way , rocket high wealth! Huat everyday!
You pay till you drop, they rich till they drop .....
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Originally posted by charlize:
But how many people are renting out their units?
5% of all HDB dwellers?
50% of all HDB dwellers?
Its property tax, not income tax. The rental potential is used as a guide for the taxing rate. It is actually some sort of a charge, like the conservancy charge, but since they called it property tax, it cause the confusion. They follow the British who introduced this "tax" to the world.
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Taxes were introduced by a female. No wonder it sucks.
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Originally posted by Bio-Hawk:
Taxes were introduced by a female. No wonder it sucks.
Then all females should be killed!!!??????? hahahhahahahahahhahahah! Mothers are also females!!!!!!!!!!!!!!!!!!!!!!!!
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Since when you need to pay tax for owner occupied housing in UK or Australia?
Since PAP took power, they have made all efforts to milk the cows of Singapore.
Moo moo.......
Their taxes are more punitive than most other taxing regime.
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The majority of people are always condoning milking from them. I don't 100 per cent blame them.
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Originally posted by mancha:
Its property tax, not income tax. The rental potential is used as a guide for the taxing rate. It is actually some sort of a charge, like the conservancy charge, but since they called it property tax, it cause the confusion. They follow the British who introduced this "tax" to the world.
That is why many people are not happy because this "property tax" is based on "rental potential" but only a small % of hdb dwellers are renting out their units.
The rest are owner occupied.
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Ha ha a sweeping statement.
Try googling taxes and learn more about it. And see if there are any good country that does not have taxes.
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Originally posted by charlize:
That is why many people are not happy because this "property tax" is based on "rental potential" but only a small % of hdb dwellers are renting out their units.
The rest are owner occupied.
No rental income, yet you need to pay tax.
It's not like they are dishing out lots of social welfare that they need to source for more revenue.
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welfare is a dirty word to PAP. Welfare reaps them of their wealth thru us.
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Originally posted by mancha:
Ha ha a sweeping statement.
Try googling taxes and learn more about it. And see if there are any good country that does not have taxes.
1) UK & Australia has no property taxes on owner occupied residential properties compared to Singapore.
2) UK & Australia has more welfare services than Singapore.
Makes sense to you?
UK & Australia takes less from citizens yet provide more social welfare.
Who said anything about any country not having taxes?
Stop putting words in my mouth to put yourself in a more advantageous ground.
Surely you understand the meaning of "Their taxes are more punitive than most other taxing regime.
"?It does not mean that there are no taxing regime in the world.
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Originally posted by mancha:
Ha ha a sweeping statement.
Try googling taxes and learn more about it. And see if there are any good country that does not have taxes.
Can tax but must be valid lah.
I not trying to argue for the sake of arguing.
But you must see why so many people starting to kpkb.
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Originally posted by βÎτά:
1) UK & Australia has no property taxes on owner occupied residential properties compared to Singapore.
2) UK & Australia has more welfare services than Singapore.
Makes sense to you?
UK & Australia takes less from citizens yet provide more social welfare.
Who said anything about any country not having taxes?
Stop putting words in my mouth to put yourself in a more advantageous ground.
Surely you understand the meaning of "Their taxes are more punitive than most other taxing regime.
"?It does not mean that there are no taxing regime in the world.
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Originally posted by βÎτά:
1) UK & Australia has no property taxes on owner occupied residential properties compared to Singapore.
2) UK & Australia has more welfare services than Singapore.
Makes sense to you?
UK & Australia takes less from citizens yet provide more social welfare.
Who said anything about any country not having taxes?
Stop putting words in my mouth to put yourself in a more advantageous ground.
Surely you understand the meaning of "Their taxes are more punitive than most other taxing regime.
"?It does not mean that there are no taxing regime in the world.
"It does not mean that there are no taxing regime in the world.
" since you say this what is your beef about taxes?Those countries have other taxes that are higher than and more punitive than Singapore's. What is their income tax rate? How much is their VAT? (Their GST)
My income tax is only a few hundred dollars, per year, and this I don't pay because my dividends tax cover it ,and I have some refund somemore.
"Their taxes are more punitive than most other taxing regime" This is more your emotional feeling than it is fact.
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Originally posted by mancha:
"It does not mean that there are no taxing regime in the world.
" since you say this what is your beef about taxes?Those countries have other taxes that are higher than and more punitive than Singapore's. What is their income tax rate? How much is their VAT? (Their GST)
My income tax is only a few hundred dollars, per year, and this I don't pay because my dividends tax cover it ,and I have some refund somemore.
"Their taxes are more punitive than most other taxing regime" This is more your emotional feeling than it is fact.
Don't forget citizens in these countries make afew times that of Singaporeans, if you do a GDP per capita comparison.
Income taxes are taxed on a marginal tax rate basis, the more you make, the more you are being taxed. So the poorer folks are still not taxed punitively like Singapore, which have a GST but provide ZERO social welfare to it's citizens.
How much does a McDonald's staff make in Australia? AUD15? How much does a Singapore McDonald's staff make?
What is the VAT or GST of Australia?
GST in Australia is exempt on basic necessities like books, medicine and staples. Whereas Singapore's GST is applied broadly on all goods.
What about COE and ERP?
Why are there so much avenues of taxes? With so little expenditure on social welfare. Why is there a need to over burdenly tax her citizens, so as to build up a reserve and frivolously invest in overseas company based on cronyism?
Is there medical welfare in Singapore?
You can't justify that a country has a more punitive taxing regime based solely on it's taxes, you need to look at it's expenditure on social welfare too.
Singapore's gist is to tax as much as possible from it's citizens, spend as little as possible on social welfare and pay themselves a big fat paycheck.
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Originally posted by βÎτά:
Don't forget citizens in these countries make afew times that of Singaporeans, if you do a GDP per capita comparison.
Income taxes are taxed on a marginal tax rate basis, the more you make, the more you are being taxed. So the poorer folks are still not taxed punitively like Singapore, which have a GST but provide ZERO social welfare to it's citizens.
How much does a McDonald's staff make in Australia? AUD15? How much does a Singapore McDonald's staff make?
What is the VAT or GST of Australia?
GST in Australia is exempt on basic necessities like books, medicine and staples. Whereas Singapore's GST is applied broadly on all goods.
What about COE and ERP?
Why are there so much avenues of taxes? With so little expenditure on social welfare. Why is there a need to over burdenly tax her citizens, so as to build up a reserve and frivolously invest in overseas company based on cronyism?
Is there medical welfare in Singapore?
You can't justify that a country has a more punitive taxing regime based solely on it's taxes, you need to look at it's expenditure on social welfare too.
Singapore's gist is to tax as much as possible from it's citizens, spend as little as possible on social welfare and pay themselves a big fat paycheck.
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Originally posted by charlize:
Can tax but must be valid lah.
I not trying to argue for the sake of arguing.
But you must see why so many people starting to kpkb.
Sorry, my sweeping statement post was not meant for you.
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...and taxi fares going up too !
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Originally posted by βÎτά:
Don't forget citizens in these countries make afew times that of Singaporeans, if you do a GDP per capita comparison.
Income taxes are taxed on a marginal tax rate basis, the more you make, the more you are being taxed. So the poorer folks are still not taxed punitively like Singapore, which have a GST but provide ZERO social welfare to it's citizens.
How much does a McDonald's staff make in Australia? AUD15? How much does a Singapore McDonald's staff make?
What is the VAT or GST of Australia?
GST in Australia is exempt on basic necessities like books, medicine and staples. Whereas Singapore's GST is applied broadly on all goods.
What about COE and ERP?
Why are there so much avenues of taxes? With so little expenditure on social welfare. Why is there a need to over burdenly tax her citizens, so as to build up a reserve and frivolously invest in overseas company based on cronyism?
Is there medical welfare in Singapore?
You can't justify that a country has a more punitive taxing regime based solely on it's taxes, you need to look at it's expenditure on social welfare too.
Singapore's gist is to tax as much as possible from it's citizens, spend as little as possible on social welfare and pay themselves a big fat paycheck.
I have heard from foreigners whom I have met here, like those from Scandinavian countries, they prefer to work half a year, and be unemployed for the other half of the year. This is due to the high income tax rate and unemployment benefits. They say sometimes it is not worth working there.
Here those who earn below $20,000 pa don't pay income tax at all. You maybe paid more in angmo countries by comparison, but don't they deduct the tax from you salaries.?
We have medical tourists who come here for treatment because they find it cheaper even if they have to pay the non-Singaporean rate than in their own country.
COE and ERP is out of the question of taxes, as they are as they are not applied equally to all. If you are a vehicle owner, or aspiring to be an owner you can choose. While with taxes there is no choice.
There is no notable welfare scheme here like that of Australia, or UK, for the simple reason to prevent abuse. Even at present there is some abuse here, with the CPF medical scheme. Some doctors are admitting people to hospitals just so that they can draw on their Medisave to pay for the treatment.
Government after government in the west are going bankrupt. Why? They spend more than they tax. I don't think its their military spending that cause them to go broke. Welfare is one of the bleeding points.
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Originally posted by Demon Bane:
...and taxi fares going up too !
from tampines to cbd on cost $25.
damn ridiculous!!!
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Originally posted by dragg:
from tampines to cbd on cost $25.
damn ridiculous!!!
Twenty years ago, would be about $7 to $8 right.
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Just have to pay and move on .
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Originally posted by mancha:
I have heard from foreigners whom I have met here, like those from Scandinavian countries, they prefer to work half a year, and be unemployed for the other half of the year. This is due to the high income tax rate and unemployment benefits. They say sometimes it is not worth working there.
Here those who earn below $20,000 pa don't pay income tax at all. You maybe paid more in angmo countries by comparison, but don't they deduct the tax from you salaries.?
We have medical tourists who come here for treatment because they find it cheaper even if they have to pay the non-Singaporean rate than in their own country.
COE and ERP is out of the question of taxes, as they are as they are not applied equally to all. If you are a vehicle owner, or aspiring to be an owner you can choose. While with taxes there is no choice.
There is no notable welfare scheme here like that of Australia, or UK, for the simple reason to prevent abuse. Even at present there is some abuse here, with the CPF medical scheme. Some doctors are admitting people to hospitals just so that they can draw on their Medisave to pay for the treatment.
Government after government in the west are going bankrupt. Why? They spend more than they tax. I don't think its their military spending that cause them to go broke. Welfare is one of the bleeding points.
Sweden has a GDP per capita of US$49,000 while Singapore has a GDP per capita of US$43,000.
If Swedish citizens can afford 6 months of employment/unemployment. Why can't Singapore? It's probably due to the excessive taxes imposed by the PAP regime.
Life is NOT only about work, it's sad to work all your life amassed wealth and realized that all your life is spent on work only.
Singapore don't call it salary tax, they call it CPF, it's different name but same nature.
Medical tourist from western countries find it cheap to seek treatment here, is the same as Singaporean medical tourist seeking treatment in India and China.
And you think income taxes and property tax are applied equally to all?
Different income levels different levels of tax rates.
Abuse of medical services? You mean you would go in for a heart bypass or chemotherapy if you are perfectly fine?
Governments in the west don't go bankrupt because of welfare, it's more like comparative advantage. Why do you think China's trade surplus ballooned? The west has always had a welfare system in place all this while. Why did this bankruptcy come about only after China's entry into global trade? You have been hoodwinked by the PAP Ministers who wants you to believe that welfare is all bad. But then again they didn't say anything when a Health Ministers paid a paltry sum for his operation. Welfare is only good when you are at the receiving end, not when somebody else is receiving it, seems to be the PAP motto.
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jia lard liao la
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Originally posted by βÎτά:
Sweden has a GDP per capita of US$49,000 while Singapore has a GDP per capita of US$43,000.
If Swedish citizens can afford 6 months of employment/unemployment. Why can't Singapore? It's probably due to the excessive taxes imposed by the PAP regime.
Life is NOT only about work, it's sad to work all your life amassed wealth and realized that all your life is spent on work only.
...The right size of government is a matter for legitimate debate, and successful societies such as Sweden and Singapore can be built with very different sizes of government.
Personally, I would rather live in Singapore than Sweden, and I would expect Singapore to exhibit markedly faster long-term economic growth than Sweden, but both societies run their finances in a responsible manner and are models of governmental integrity.
Since both Sweden and Singapore currently have modest budget surpluses and have kept control of their currencies and avoided excessive monetary stimulus, they are in the modern debased sense of the term non-Keynesian, even if the managers of Sweden's economy might well describe themselves as Keynesians for the sake of harmony at international gatherings...