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SG GST Fucks You Multiple Times Unlike First World Nations

tobelightlight

Alfrescian
Loyal
californicate is the worst taxed state on the planet, and may be in the universe.

on top of state, county and city taxes, californicators have to pay federal taxes, and these include:
federal incum tax - up to 36.9%
fica tax (social security & medicare) - 15.3%
capital gains tax - up to 36.9%
when collecting social security after full retirement at 69 - tax on social security incum can be up to 36.9%
irmaa tax - above $96.9k incum per year after 65 years old has to pay irmaa to medicare - 2 to 3%
death and estate or inheritance tax - have to pay tax after you die for all your assets including properties or the inheritor pays tax on your behalf after you die (can be up to 36.9% if total amount is over $12.92m in 2023 and $13.69m in 2024)

and then for lucky californicators, there are state, county, and city taxes, on top of federal taxes you have already paid or set aside:
state incum tax - up to 12.3%
state capital gains tax - up to 13.3%
state sales tax - depending on county and city nominal rate is 9.375% for every purchase of goods and services except basic food items such as meat and produce
state use tax - depending on county and city nominal rate is 9.375% (when purchasing any item online)
county parcel tax - 1.25% of land value if owning land
county property tax - 1.25% of property value if owning property
city and local or district taxes - surcharges in all bills related to measures passed every 2 years for parks, recreation, roadworks, sewage, water, garbage collection, recycling, schools, etc.
NOBODY GIVES A GOD DAMN FLYING FUCK OF WHAT CALIFORNIA IS, IT HAS NOTHING TO DO WITH SINGAPORE.
 

tobelightlight

Alfrescian
Loyal
My definition of indirect taxation is any money that the eventually gets collected by the government and all bodies under it.

That includes petrol taxes, ERP, parking, fines, levies, duties, service fees, rent, and more.
Good luck to those having 5Cs in sg. 5Cs means more money for the PAP govt from stupid sinkies.
 

eatshitndie

Alfrescian (Inf)
Asset
NOBODY GIVES A GOD DAMN FLYING FUCK OF WHAT CALIFORNIA IS, IT HAS NOTHING TO DO WITH SINGAPORE.
sg is trending in the californicate direction when it cums to spurring “multinational diversity” for future economic growth. that’s where you get screwed with cheap labor from neighboring cuntries. another phrase for “woke”. the current regime is trying to forestall that but the liberal vibes in sg are getting too numerous and strong. eventually it will be as fucked up as californicate.
 
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tobelightlight

Alfrescian
Loyal
sg is trending in the californicate direction when it cums to spurring “multinational diversity” for future economic growth. that’s where you get screwed with cheap labor from neighboring cuntries. another phrase for “woke”. the current regime is trying to forestall that but the liberal vibes in sg are getting too numerous and strong. eventually it will be as fucked up as californicate.
JB to the rescue.
 

duluxe

Alfrescian
Loyal
My definition of indirect taxation is any money that the eventually gets collected by the government and all bodies under it.

That includes petrol taxes, ERP, parking, fines, levies, duties, service fees, rent, and more.

You defintion can be applied very well to islamic banking. Interest or dividend sharing is still monetary profit that gets eventually collected by the bank.

Islamic banking zero interest, redebunked! :cool:
 

oliverlee

Alfrescian
Loyal
Dumb sinkies believe it when the ministers say that we have the lowest taxes in the world!!!

You really can't cure stupid.
if only the dumb fucks would study their receipts each time they eat at restaurants. How many layers of taxes are built into just that one fucking slip?
 

tobelightlight

Alfrescian
Loyal
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