As to “She also stressed that the GST voucher scheme is not the only form of rebate on the GST paid by lower-income households.
“The GST voucher is part of a progressive system of taxes and benefits that ensures that lower income households get back far more benefits than the taxes they pay, including GST,” said Mrs Teo.
“These include childcare subsidies, financial assistance from school till tertiary education, workfare, special and additional housing grants, and healthcare subsidies. The GST that they pay is hence far more than offset by the benefits they receive.”
- These financial assistance may not be received by every needy person or family, every year. Thus, many may end up worse off without the full GST offset in certain years.
Also, how can special and additional housing be considered as GST offsets – when these are not cash that can be used? Similarly, how can financial assistance for schooling and healthcare subsidies be deemed as GST offsets, as these are also not in cash?
Moreover, even healthcare fees for Class C and B2 keep rising above normal inflation, which healthcare subsidies may not catch up with – such that the needy always have to pay increasingly more.
As to workfare, the bulk of the payment goes to http://leongszehian.com/?p=8593
“The GST voucher is part of a progressive system of taxes and benefits that ensures that lower income households get back far more benefits than the taxes they pay, including GST,” said Mrs Teo.
“These include childcare subsidies, financial assistance from school till tertiary education, workfare, special and additional housing grants, and healthcare subsidies. The GST that they pay is hence far more than offset by the benefits they receive.”
- These financial assistance may not be received by every needy person or family, every year. Thus, many may end up worse off without the full GST offset in certain years.
Also, how can special and additional housing be considered as GST offsets – when these are not cash that can be used? Similarly, how can financial assistance for schooling and healthcare subsidies be deemed as GST offsets, as these are also not in cash?
Moreover, even healthcare fees for Class C and B2 keep rising above normal inflation, which healthcare subsidies may not catch up with – such that the needy always have to pay increasingly more.
As to workfare, the bulk of the payment goes to http://leongszehian.com/?p=8593