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Let’s start with a bird’s eye view. Individuals who don’t own cars pay, in the main, two kinds of taxes: personal income tax and the Goods and Services Tax (GST), which is currently rated at 7 percent. As you can see from the pie chart I found from the Finance Ministry’s website (above), each of these two types of taxes contribute about 15 percent to the total budget revenue. (Personal income tax is the pale lime slice; GST is the strawberry cream slice). Together, they make up about 30 percent. In other words, the government has more than than three times as much money as they collect from individuals for the various kinds of governmental spending.
Some of that spending cannot be considered ‘benefits’ except by a great stretch, e.g. defence or certain infrastructure projects. But still, there’s more money available for ‘benefits’ than the 30 percent collected from personal income taxes and GST. Hence, to have an overall Benefits-to-Personal Taxes ratio of 1.5 or more is therefore not remark-worthy at all.
- https://yawningbread.wordpress.com/...ice-part-2-low-income-tax-payers-hit-jackpot/
Some of that spending cannot be considered ‘benefits’ except by a great stretch, e.g. defence or certain infrastructure projects. But still, there’s more money available for ‘benefits’ than the 30 percent collected from personal income taxes and GST. Hence, to have an overall Benefits-to-Personal Taxes ratio of 1.5 or more is therefore not remark-worthy at all.
- https://yawningbread.wordpress.com/...ice-part-2-low-income-tax-payers-hit-jackpot/
