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Our leaders are not lying when they claim to have one of the lowest direct taxation among developed countries in the world. The MIW are comparing us with First World welfare states and only in terms of income tax. However, other forms of indirect taxation such as GST, COE, ERP, road tax, fuel tax, property tax etc. are heaping hardship on everyone of us. Remember that when transport costs go up, business costs will follow suit, so prices will go up for EVERYBODY - not just car owners.Dumb sinkies believe it when the ministers say that we have the lowest taxes in the world!!!
You really can't cure stupid.
That is what you get for voting in a leftist,,,anyway California deserves the gahmen it votes forcalifornicate 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.
SG has by far the most variety of indirect taxation of any country in the world.
IMHO, Coe and cpf are such indirect taxation. They use such money to buy vaccines to kill you.Please educate us.
What is indirect taxation?
Add in GST, property tax, water conservation tax, green electric tax, fuel excise tax, ERP...IMHO, Coe and cpf are such indirect taxation. They use such money to buy vaccines to kill you.
sinkies have no idea what’s double, triple or quadruple taxation until they live in californicate. if a retired sinkie lives frugally in sg without a car nor condo heshe can get by comfortably with $36.9 a day. not in californicate. cheapest breakfast now is $9.69 and cheapest lunch at a food court (no hawker center here) is now $16.9.That is what you get for voting in a leftist,,,anyway California deserves the gahmen it votes for
I do but it appears that you have no clue. LOL!Singkieland has the lowest direct taxation in the world and highest indirect taxation...do u even know what indirect taxation is?
it doesn't matter how or what California is. What matter is the locals IN SINGAPORE are unhappy with the gst and price increases. California can go fuck themselves and is non of our business.sinkies have no idea what’s double, triple or quadruple taxation until they live in californicate. if a retired sinkie lives frugally in sg without a car nor condo heshe can get by comfortably with $36.9 a day. not in californicate. cheapest breakfast now is $9.69 and cheapest lunch at a food court (no hawker center here) is now $16.9.