[ODA TETSURO]

Sad right?

[WhatDoYouThink!]

Ìn some countries, the rates are 40 to 50%

[ODA TETSURO]

Ìn some countries, the rates are 40 to 50%

But their cars and property is cheap.

[WhatDoYouThink!]

But their cars and property is cheap.

Free medical and hospitalisation, education

[dynamite]

10% is very little

[ODA TETSURO]

10% is very little

2 years ago is only 2~3%.

[Lukongsimi]

10% is very little

Boastful retiree
U don’t have income tax

[Ola]

If income tax up, then healthcare care cost should come down

[Tee tiong huat]

But their cars and property is cheap.

Hello World...Not cheap for Singaporean ...  Very Very Horrible Shooking...

[Tee tiong huat]

If income tax up, then healthcare care cost should come down

Got good and got bad...

[Huliwang]

Sad right?

Wah you income tax increased from 2-3% to 10%. That means how many folds has you income increases? .....

[K88 shu shu]

haolian in disguise thread.

[ODA TETSURO]

Wah you income tax increased from 2-3% to 10%. That means how many folds has you income increases? .....

Not much...

[talky]

there are > 6 ways for u to reduce paying  income legally

[Levin]

2 years ago is only 2~3%.

Congratulations. That means your income has gone up quite a bit in % terms based on individual income tax rate.  From around $60,000 to around $150,000?

https://www.iras.gov.sg/taxes/individual...-tax-rates

[ODA TETSURO]

Congratulations. That means your income has gone up quite a bit in % terms based on individual income tax rate.  From around $60,000 to around $150,000?

https://www.iras.gov.sg/taxes/individual...-tax-rates

No leh....annual pay increased $5K nia...

[Levin]

No leh....annual pay increased $5K nia...

Then how come your tax is 10% of take home instead of 2-3%? To move from 2-3% of take home pay to 10% of take home pay needs quite a big increase in individual income.

I thought you were trying to share your happiness so I congratulate you earlier.

[ODA TETSURO]

Then how come your tax is 10% of take home instead of 2-3%? To move from 2-3% of take home pay to 10% of take home pay needs quite a big increase in individual income.

I thought you were trying to share your happiness so I congratulate you earlier.

That's the weird and sus part so I started this thread...I remember last time my first job, $1400 per month only....paying only zero income tax, subsequently as pay increased to $2.1K....income tax still zero.

[WhatDoYouThink!]

Maybe this yr you hv less deductibles, so yr chargeable incomes jump from below 40k to over 80k?

[RiseofAsia]

Sad right?

Thank you for your generosity!

[ODA TETSURO]

Maybe this yr you hv less deductibles, so yr chargeable incomes jump from below 40k to over 80k?

I think becos of bonuses...last time my bonus sibeh pathetic like 0.5 mth but suddenly got 1.5 mth.

[WhatDoYouThink!]

Thank you for your generosity!

Thank you for yr contribution towards nation building

[ODA TETSURO]

Thank you for yr contribution towards nation building

So PAP gov should return all my CPF at age 55...

[sgh]

So PAP gov should return all my CPF at age 55...

Long long long time ago it is. Then chut pattern now got what Retirement Account, Full Retirement Sum etc all kind of BS to lock it further more! Did you vote for lightning strike last time?

[Levin]

That's the weird and sus part so I started this thread...I remember last time my first job, $1400 per month only....paying only zero income tax, subsequently as pay increased to $2.1K....income tax still zero.

Eh? First 20K not taxable. Then include 1K earned income relief (assuming below 55 else earned income relief is 5k. If 60 and above is 8k.). And add 1.5K of NSMan Self Relief. So basically one can earn 22.5k and will not be taxed for a guy that completed NS. Then there's parent relief if one has parents depending on him.

Maybe call IRAS to check with them.

[ODA TETSURO]

Long long long time ago it is. Then chut pattern now got what Retirement Account, Full Retirement Sum etc all kind of BS to lock it further more! Did you vote for lightning strike last time?

Never voted for PAP, similar to never use iPhone before in my life.

[Levin]

I think becos of bonuses...last time my bonus sibeh pathetic like 0.5 mth but suddenly got 1.5 mth.

1.5 month also does not jump so much in tax rate mah.

[ODA TETSURO]

1.5 month also does not jump so much in tax rate mah.

Yalor....that's why I'm confused....I never buy shares and I got insurance policies as well...

[Levin]

Yalor....that's why I'm confused....I never buy shares and I got insurance policies as well...

Best just to call them. If over the phone still cannot understand how this increase came about, just go IRAS in person.

[WhatDoYouThink!]

Non owner occupied property tax lagi jialat. Last yr 20%, this yr 27%, next yr 36%