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.
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Raise taxes on the Rich - in Singapore
- Thread starter enterprise2
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Yes that means U,....the MIWs, the ministars, perm secs,.....etc
No use lah. Machiam the 'pay cut', they will find another way to make up the shortfall.
The PAP will tax the common citizens more,detain your CPF,increase prices of water and electricity,increase transport fares,increase COE prices,increase ERP fees,push up property prices,increase maintenance fees,increase school fees,increase tertiary education fees,...etc.....etc
The PAP has abolished estate duty .Why ? Do u all know how many properties (bungalows and condos local and overseas ) each PAP minister own ?
Yep...fully agree.
Social welfare? Please raise it with them personally during the National Conversation.
I am sure they will appreciate your contribution.
So even in Sinkapore it's more difficult to get our top 1-2% to pay a few more dollars (they prob wont feel it anyway) than getting the 70-80% to pay more taxes. At least our gahment seem to think so!
That's right. Do charity with your money, not other peoples money like Obama
I have already done that, & many of us too, we donated to a charity called "CPF".
gamble wif ur own moni ... n not other ppl's cpf moni ...
LONG TERM INVESTMENTS - the longest possible returns & payment, say in a 100 years! that is long term.
they are only good in taxing, when it comes to the economy, all hopeless.
http://www.bloomberg.com/news/2012-...rsist-as-economy-seen-entering-recession.html
I believe that the personal income tax rates in Sg should be more progressive, starting with taxable income in excess of $120,000, such that those with taxable income of $500,000 should be taxed at a marginal rate of 33 per cent to 40 per cent or higher, because there is no capital gains tax in SG.
A capital gains tax only makes sense if there is tax relief on capital losses.
In other countries there is tax relief (or tax deduction) on capital loss on property transactions and realised stock market losses.
In other words the two tend to cancel each other out.
A progressive tax makes no sense at all because it is wrong and immoral to use other people's money to do charity.
A flat tax would be best as it taxes only expenditure and will boost income levels for all in the long run.
A progressive tax tends to stiffle the economy and we will end up like western countries who are now stuck in a quagmire with no way out
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