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.
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