- Joined
- Jul 30, 2010
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- 1,108
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Apr 9, 2011
Forget pay size, this govt's value for money
IT REALLY does not matter to me what government ministers are paid, but I care what I pay them.
Based on this matrix, the Singapore Government is cheap.
For every dollar earned, a Singaporean tax resident pays roughly 13 per cent in income tax. On every dollar spent, we pay 7 per cent in goods and services tax.
Assuming one spends all one earns, the Government will take 20 per cent of our income.
By the same measure, the United States government swallows 40 per cent via income, state and consumption taxes, for a comparable income bracket.
In Britain, the government rakes in a whopping 56 per cent in income tax and value-added tax (VAT).
While Western governments charge between 40 per cent and 60 per cent of income, they run budget deficits and are unable to pay themselves adequately.
The Singapore Government charges a low rate, runs chronic surpluses and is able to pay themselves well.
So, I do not really care what the ministers are paid. For 20 cents of my dollar, they keep the streets clean, relatively free of crime and provide a basic infrastructure of which New York and London would be envious.
Bryan Goh
Forget pay size, this govt's value for money
IT REALLY does not matter to me what government ministers are paid, but I care what I pay them.
Based on this matrix, the Singapore Government is cheap.
For every dollar earned, a Singaporean tax resident pays roughly 13 per cent in income tax. On every dollar spent, we pay 7 per cent in goods and services tax.
Assuming one spends all one earns, the Government will take 20 per cent of our income.
By the same measure, the United States government swallows 40 per cent via income, state and consumption taxes, for a comparable income bracket.
In Britain, the government rakes in a whopping 56 per cent in income tax and value-added tax (VAT).
While Western governments charge between 40 per cent and 60 per cent of income, they run budget deficits and are unable to pay themselves adequately.
The Singapore Government charges a low rate, runs chronic surpluses and is able to pay themselves well.
So, I do not really care what the ministers are paid. For 20 cents of my dollar, they keep the streets clean, relatively free of crime and provide a basic infrastructure of which New York and London would be envious.
Bryan Goh