On GST
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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.
HKβs economy is robust n humming along fine, their education doesnβt 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 datβs currently consuming a huge chunk of revenue (25% of GDP). Is d defence budget disproportionately high? -
HyperKiasu:
the public hostility not widespread enuf ?
Would dis happen in SG? d voices of d constituents I mean, or is it always pappy knows best?Way2GO:
[quote=\"HyperKiasu\"]btw, there is no GST in HK (years ago, the proposal for GST implementation was abandoned due to wide public hostility)
[/quote]
We are Singapore!
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Way2GO:
hahaha, careful now
the public hostility not widespread enuf ?HyperKiasu:
[quote=\"Way2GO\"]
Would dis happen in SG? d voices of d constituents I mean, or is it always pappy knows best?[/quote]hehe, kiasu + kiasi...
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HyperKiasu:
Well in dat case, we shouldn't 'combrain' if d policies hit us common folks hard where it hurts.
hehe, kiasu + kiasi...
In d words of our esteemed leader, we must be stoic like d Japanese!
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Way2GO:
On d face of it, it does look like a person is taxed twice on d same income. 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?
Hi Hi,
Those below a certain income level (I forgot what is threshold, below SGD1,500 per month??? ) no longer need to pay income tax. I think about 70% of tax-payers (before GST implementation) falls into this category. In replacement, they are paying GST. For this group of people, there is no \"double-taxation\" but a replacement tax. Whether they ended up paying more Consumption Tax versus Income Tax I don't know. Perhaps they may end up paying more GST compared to last time income tax?
But for those above the salary threshold (remaining 30% of tax-payers), they are taxed on income as usual but at the same time, pay GST consumption tax.
It is harder to evade consumption tax compared to income tax hence it is good for the garmen! Garmen no longer need to administer the 70% of low income earners to chase them for the income tax instead just concentrate on the remaining 30% of higher income earners.
Let the businesses/retailers collect GST from the masses for the garmen.
Keh...he..he...
No time to check my statistics, just mentioning the above from my memory!
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HyperKiasu:
Property tax is an old tax. I suppose one may argue if the poor does not own a property, he does not pay any such tax. Conversely the rich owns a lot of properties hence got to pay more property taxes!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....
Estate duty is also an old tax. But I heard something like they are going to abolish it? Because I think general change in direction Singapore wants to attract more rich to come and stay/book their money here hence they are trying to reduce taxes on the rich to encourage them to come. So ironic hor? Because suppose to tax rich more and the poor less, no?
GST is a wide-spread consumption tax.
Double-tax, Triple-tax, PAY and PAY some-more!
:lol: -
Way2GO:
ιζ₯ι‘Ίε....
Well in dat case, we shouldn't 'combrain' if d policies hit us common folks hard where it hurts.HyperKiasu:
hehe, kiasu + kiasi...
In d words of our esteemed leader, we must be stoic like d Japanese!
:oops:
Pay and Pay bah.... -
Way2GO:
Hey, good point! Why ah?Let's use d HK model dat HyperKiasu brought up.
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.
HKβs economy is robust n humming along fine, their education doesnβt 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 datβs currently consuming a huge chunk of revenue (25% of GDP). Is d defence budget disproportionately high?
:idea:
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