- Joined
- Aug 12, 2008
- Messages
- 37,364
- Points
- 113
most singaporeans pay too little in income tax. $40k annual income only need to pay $550 income tax.
But everyday they open their eyes & scratch their balls, they pay 7%!, they go out & pay for something..7% already multiplied & factored in, that include the COE, etc...ERP that the merchant pays...
Yes...$550 for income tax...don't forget all the indirect taxes.....