On the contrary the ones who should be made to contribute more are those useless peasants who seem to harbor the notion that somebody else owes them a living.
So u r part of the Republican group that opposes taxes?
On the contrary the ones who should be made to contribute more are those useless peasants who seem to harbor the notion that somebody else owes them a living.
The rich have always carried the burden of looking after those damned useless, lazy, lousy good for nothing members of society. The top 10% contribute more than 70% of the tax take. Why should they have to do anything more.
How about getting the parasites to look after themselves for a change.
Then the rich will stop coming to spore and slowly but surely there will be no more rich fucks to tax.
The poor can go suck their own cocks then.
You think that people choose to be poor, to be unemployed? That's pure right-wing hogwash.
welcome back, bro!
happy new year!
The US has done it. Nows our turn. It's time the rich bear a bigger burden and contribute more to the nation's coffers so that it can then spend more on social welfare. How about it? Those households with $400k annual income and above.
the so called 'fiscal cliff' simply reverts to pre-bush tax regimen. during bush jr's 2 terms, tax cuts were implemented temporarily (not permanently.... with emphasis) for about 12 years across the board with more sizable cuts handed out to those with a household income over usd250k. this plus 2 wars, endless foreign aid and unemployment welfare during the housing bust and ensuing recession contributed to the deep deficit. it's based on half truths that the latest deal incurs an increase in tax to the "rich". if passed, they are just reverting to old taxation while the middle class enjoys an extended bush-era "temporary" tax cut.
the u.s. tax code is convoluted, complicated and broke. please don't adopt or follow the u.s. system. only morons or ignoramuses will recommend sniffing and chasing uncle sam's rotten tail.
hi zhi l never left the forum at all. Its just i dun do posting only. Happy new year!!!
4whats, you disappear....must be busy with your gal eh!......
Capital losses can be used to offset capital gains to produce a net capital gain,
besides allowing capital losses to be carried forward to future years.
Estate duty was abolished because they are aware that they have already squandered enough to their name or their family's name, so whatever existing that are subjected to this tax is negligible & they have found another way to take it back multiple times!
Rich people can fark off from this island IF they don't want to follow the laws of singapore.Why rich people like to come to Singapore ??? Singapore already a laundering hub for rich corrupt businessmen and generals and PAP welcome them with open hands.
The rich have always carried the burden of looking after those damned useless, lazy, lousy good for nothing members of society. The top 10% contribute more than 70% of the tax take. Why should they have to do anything more.
How about getting the parasites to look after themselves for a change.
If raise the tax like US. No one want to set up company in SG and rich people will not migrate to SG.
The foreign company MNC will not set up in SG. No work???
That is my point. You drew attention to the fact that there is no capital gains tax in Spore, and you then suggested because of that there should therefore be a more progressive tax on the rich. The Spore tax code is deliberately kept simplified to exclude one-off windfall gains. It should remain that way.
The foreign company MNC will not set up in SG. No work???
Just tighten the immigration inflow and the MNC will move out in droves.
They may not have made a conscious choice to be poor or unemployed but their lack of willpower to lift themselves out of the rut they're in can hardly be blamed on anyone else. They have to take personal responsibility for the situation they're in.
If they are offered assistance without their having to work for it, it will do nothing but reinforce their negative behavior. What they need is a kick in the pants to nudge them towards the path of self reliance.
Even animals can learn to perform a series of tasks before they're rewarded. There is no reason why humans can't do the same.
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In this time and era of Singapore's history, we are still looknig for MNC to bump up your economy ? That is so rotten. Our govt believe in trickle down effect from the rich. That is to assume that the rich will invest more if they are tax less. This argument is flawed. Reason being, if they are already rich, the wealthly ones will always wants to get richer at the expense of the poorer and the under-privilege.
Singaopre boost to have the lowest income tax in the World, but when you add on the indirect tax. We are paying even more or equal then the citizens from 1st World nation. We do not have a social system.
Back to the topic, when the trickle effect does not work. The govt will always cut the tax contribution from the rich even more believing that the rich will invest more money. That is obviously the case here in Singapore. Take a look at the estate tax, they just abolished it without a debate at all. Take a look at out employment market, the 3rd world nation's citizens flooded Singapore. Which 1st world nation open their ass so big and welcome them with open arms ?