On GST
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Way2GO:
Me think me beginning to see DesertWind's point.
er...then property tax we paid is also double-taxation? :?HyperKiasu:
[quote=\"DesertWind\"]
True. But since this is impossible, to me it is double-taxation. One will pay both income tax and consumption tax on goods & services.
i m a bit confused....
i only know income tax, GST, property tax....are different sources of tax base....
Since she is oredi paying income tax, any other tax is extraneous in her view n considered double taxation.
tio bo, DesertWind?[/quote]DesertWind, I mentioned a similar point earlier.
Suppose one earns 100k and said he paid xk for income tax. So 100k - xk is the leftover ie after tax money.
Surely he will spend some of this leftover on food, services etc and this attracts GST.
Isn't this double tax?
Somebody (forgot who) mentioned my way of thinking does not seem ok.
Anyway, tax is something which we can't change! :x -
LKVM:
Care to elaborate?
Yes I too think its double taxation -
starlight1968sg:
DesertWind, I mentioned a similar point earlier.
Me think me beginning to see DesertWind's point.Way2GO:
[quote=\"HyperKiasu\"]
er...then property tax we paid is also double-taxation? :?
i m a bit confused....
i only know income tax, GST, property tax....are different sources of tax base....
Since she is oredi paying income tax, any other tax is extraneous in her view n considered double taxation.
tio bo, DesertWind?
Suppose one earns 100k and said he paid xk for income tax. So 100k - xk is the leftover ie after tax money.
Surely he will spend some of this leftover on food, services etc and this attracts GST.
Isn't this double tax?
Somebody (forgot who) mentioned my way of thinking does not seem ok.
Anyway, tax is something which we can't change! :x[/quote]tax rate can be changed...xixi...
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Way2GO:
the public hostility not widespread enuf ?HyperKiasu:
btw, there is no GST in HK (years ago, the proposal for GST implementation was abandoned due to wide public hostility)
Would dis happen in SG? d voices of d constituents I mean, or is it always pappy knows best?
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starlight1968sg:
On d face of it, it does look like a person is taxed twice on d same income.DesertWind, I mentioned a similar point earlier.
Suppose one earns 100k and said he paid xk for income tax. So 100k - xk is the leftover ie after tax money.
Surely he will spend some of this leftover on food, services etc and this attracts GST.
Isn't this double tax?
Somebody (forgot who) mentioned my way of thinking does not seem ok.
Anyway, tax is something which we can't change! :x
But it could be argued dat not ALL of one's income is taxed;
n wat about those who don't pay income tax but pays GST for goods n services;
how can one reconcile dat d same GST tax is double tax to one n not to another? -
HyperKiasu:
the public hostility not widespread enuf ?Way2GO:
[quote=\"HyperKiasu\"]btw, there is no GST in HK (years ago, the proposal for GST implementation was abandoned due to wide public hostility)
Would dis happen in SG? d voices of d constituents I mean, or is it always pappy knows best?[/quote]hahaha, careful now
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HyperKiasu:
tax rate can be changed...xixi...
Yes, the rate can be changed but doubt will change much because this money is needed for many things.
In life, only death and tax are confirmed. -
Way2GO:
Yes, one thing I am sure all of us agree, whatever definition it is, it is PAY and PAY!Me think me beginning to see DesertWind's point.
Since she is oredi paying income tax, any other tax is extraneous in her view n considered double taxation.
tio bo, DesertWind?
Heh..heh!
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starlight1968sg:
I am sure all of us can agree on one thing - PAY and PAY somemore!DesertWind, I mentioned a similar point earlier.
Suppose one earns 100k and said he paid xk for income tax. So 100k - xk is the leftover ie after tax money. Surely he will spend some of this leftover on food, services etc and this attracts GST. Isn't this double tax?
Somebody (forgot who) mentioned my way of thinking does not seem ok.
Anyway, tax is something which we can't change! :x
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starlight1968sg:
Let's use d HK model dat HyperKiasu brought up.HyperKiasu:
tax rate can be changed...xixi...
Yes, the rate can be changed but doubt will change much because this money is needed for many things.
In life, only death and tax are confirmed.
HK: No GST; no gambling taxes from casinos; pop ~ 7 mil; > 50 % in private housing.
SG: 7% GST; substantial gambling tax revenue fr 2 casinos; pop > 5 mil going to tgt 6.5 mil; more than 80% in public 99 yr leasehold housing.
HK’s economy is robust n humming along fine, their education doesn’t lack far behind SG. Their corporate tax is about same as SG.
HK seemed to hv less revenue streams to fund their public programs compared to SG. How do they do it?
IMHO, d main difference is dat HK do not hv to support a defence program dat’s currently consuming a huge chunk of revenue (25% of GDP). Is d defence budget disproportionately high?
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