10 Obscene Facts About the PM Lee Hsien Loong's Salary

[chittychitty]

It’s no secret that Prime Minister Lee Hsien Loong is the highest paid government leader in the world. But just how much is he paid?

1. If PM Lee’s pay was cut by nearly 70%, he would still be the highest paid leader in the world

PM Lee isn’t just the highest paid leader in the world, he has no close second. Carrie Lam (who is second) of Hong Kong receives $S642,173 per annum, less than 30% that of PM Lee. If PM Lee were to take a massive 70% pay cut, he would still earn more than her.

2. PM Lee makes more in a day than what 5 low-income families make in a month

All civil servants have a 5 day work week and compensation is structured around that schedule. Assuming PM Lee worked 5 days a week for all 52 weeks, his daily pay would amount to $8461 ($2,200,000/(52 x 5). An average low income family would only make $1500 a month.

3. PM Lee makes more than the top 0.1% of Singaporeans

The top 1% of income earners in Singapore make $700,000 a year. The top 0.1% make close to $1.8 million, still short of PM Lee’s grand figure of $2.2 million. PM Lee’s salary doesn’t just put him among the rich, but the super rich.

4. He pays only 22% in income tax

The top income tax rate in Singapore is only 22%, so we can assume that that’s the maximum amount PM Lee has to pay. If he earned that much in the socialist welfare states of Europe, he’d be paying at least 50% in taxes.

5. $2,200,000 a year is only the base pay. There are still bonuses and other generous benefits

$2.2 million a year is a lot of money by any measure, but PM Lee is also entitled to an allowance worth 1 month’s pay and a bonus worth 6-12 month’s pay depending on his performance.

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10 Obscene Facts About the PM Lee Hsien Loong's Salary

 

[tanwahtiu]

When change government he is first to be freezed his assets and bank accounts.

Make Singapore great again.

His descendant will face the same wrath...

Proverbs 20:7
A righteous man walkedth with his integrity his children are blessed after him.

 

[myfoot123]

6. His wife salaries/perks/bonuses/dividends/fees, are even more obscene and remain discrete from public eyes. Probably there were other "gifts", "write-off", money laundering, assets..etc You can try to name every opportunity of her milking money (and LKY: what is wrong with having more money), these couple can run away and still able to remain the riches in the world. Guess what, the cronies who supported these people will eventually die into a pulp and won't be remembered by the familee.

 

[shittypore]

Tis one fightning, buy using left hand and sell using right hand.

 

[syed putra]

Its not so bad compared to what najib got.

 

[halsey02]

We are happy to pay him...just go lie down quietly in one corner, don't make noises! shhhhh!

 

[hofmann]

Perfectly timed article to justify high salaries.

But I do not begrudge the PM and his cabinet their hard earned salaries. Quantum might be on the high side, but I would not say they are grossly overpaid for the positions they hold.

Their individual performance and effectiveness at their respective positions, is a whole other matter.

The point is, the position and level of responsibility justifies their base salary. Whether they deserve 6-12 month bonus is a different matter.

 

[Leongsam]

He deserves every penny he gets because he is running one of the most successful countries in the world.

 

[steffychun]

Has Trump brought this up yet? Even Trump doesn't take the POTUS salary.

 

[JohnTan]

The most obscene fact is that PM Lee is actually clean. He's one of the lowest paid PMs in the world because he doesn't embezzle public funds.

Nearly all the "poorly paid" politicians around the world have embezzled hundreds of millions, if not, billions of public funds.

 

[Lizzert]

He deserves every penny he gets because he is running one of the most successful countries in the world.

Don't forget about his hard working wife, diligently and selflessly making great investment returns on our idle funds..what a wonderful 1st world couple.

 

[Leongsam]

Don't forget about his hard working wife, diligently and selflessly making great investment returns on our idle funds..what a wonderful 1st world couple.

Yes just imagine what a mess the country would be without this dynamic husband and wife team to steer the ship through uncharted waters.

 

[steffychun]

The most obscene fact is that PM Lee is actually clean. He's one of the lowest paid PMs in the world because he doesn't embezzle public funds.

Nearly all the "poorly paid" politicians around the world have embezzled hundreds of millions, if not, billions of public funds.

How dare you say Donald Trump embezzle funds! FAKE NEWS! Ivanka will chop off your head!

 

[virus]

is he required to pay tax? perhaps not

 

[virus]

Yes just imagine what a mess the country would be without this dynamic husband and wife team to steer the ship through uncharted waters.

u forgot to add sampan 2.0 which is the next titanic

 

[batman1]

Oh Please u all do not cut even one cent from Pinky his salary,wait he cannot see open he go bedok reservoir how ?
Every one cent collected by him is hard earned money.

 

[virus]

we will simply send some fire officers to gather around him and make sure it is a 1 way trip

 

[AhMeng]

 

[steffychun]

Does he really pay tax? Or CPF? Haha, if he pays them the money goes back to his salary right? So what's the use of paying tax and CPF?

 

[hofmann]

The most obscene fact is that PM Lee is actually clean. He's one of the lowest paid PMs in the world because he doesn't embezzle public funds.

Nearly all the "poorly paid" politicians around the world have embezzled hundreds of millions, if not, billions of public funds.

Yet despite having the highest paid ministers in the world, we are ranked a mere 6th in the transparency international index on corruption.

So clearly we are not getting the best value for our tax payers money, if the argument for high salaries were solely to prevent corruption.