[Scythian]

Singapore Low Income Tax: Is COE S$150,000 considered as an indirect personal tax that's draining your disposable income?

Together, inclusive ERP, they are killers.

They both draining your disposable income..
Don't you think so?

[moonrab]

Singapore Low Income Tax: Is COE S$100,000 an indirect personal tax that's draining your disposable income?

Together, inclusive ERP, they are killers.

Don't you think so?

Only taxes rich people like you and another one over here..🤣

[talky]

mind u 
carpark fees has not been increased for the past few yrs.
later pap will give the excuse higher maintanance n wages that why need to raise

[red3]

100k to use roads ...

[RiseofAsia]

Only taxes rich people like you and another one over here..🤣

Tax everybody lah. More or less only lah…

This is why some sinkies rather spend their $$$ overseas for holiday than spending in Sg.

[moonrab]

Tax everybody lah. More or less only lah…

This is why some sinkies rather spend their $$$ overseas for holiday than spending in Sg.

Just Don't buy car, you don't have to pay COE le..

[sgbuffett]

These taxes are "optional " no need to pay if you are not driving

If something optional it cannot be called a tax but a fee....

If yoh rent badminton court from the CC, you pay a fee. Nobody calls it a tax because you can opt not to play.

[EvertonDiehard]

When our leaders claim that S'poreans pay relatively low direct taxes compared to other developed countries, they conveniently failed to mention that we pay a wide variety of indirect taxes. 

[victortan]

Singapore Low Income Tax: Is COE S$100,000 an indirect personal tax that's draining your disposable income?

Together, inclusive ERP, they are killers.

They both draining your disposable income..
Don't you think so?

No one call u buy car. If it is exp font buy take public transport. 

Our public transport is ok.

[Scythian]

No one call u buy car. If it is exp font buy take public transport. 

Our public transport is ok.

At certain level, you don't have a choice.
I even employed a chauffeur too.

[Scythian]

.
Why Singapore Govt don't allowed Singaporeans to be ranked world's No.1 car owners?

Or ranked Singaporeans No.1 highest car ownership in the World

[mikotan]

Blame yourself for being poor, don't blame the policies and systems!

[Scythian]

Blame yourself for being poor, don't blame the policies and systems!

Today, those who pay S$100,000 for COE, they must be idiots. 

Simply paying 10 years advanced taxes.

S$100,000 in today's money @ 7.2% interest compounded over 10 years' periods is equivalent to S$200,000

[Bigbluedot]

It is a matter of whether you want the enjoyment of driving a car of your own or prefer a fatter bank account. Again it is a choice in a diplomatic system.

[revealer]

Y after so many years in operation, pple still cannot understand y we r having this COE system in Singapore.

[EvertonDiehard]

No one call u buy car. If it is exp font buy take public transport. Our public transport is ok.

You seem to forget that higher COE premiums affect both car owners and those who do not even have a car. This is  because the cost of doing business will shoot up significantly since all businesses rely on transportation. When businesses increase the prices of their goods and services, the overall cost of living will rise, causing a ripple effect on the economy and affecting everybody in S'pore.

[EvertonDiehard]

It is a matter of whether you want the enjoyment of driving a car of your own or  prefer a fatter bank account.  Again it is a choice in a diplomatic system.

This is the reason why only 11% of S'poreans are able to own a car. Most car owners have enough left over after spending on their car to pay the mortgage on their private residence, take vacations overseas, eat out, raise a family and save for the future. However, the number of such people is getting smaller.

[watchfirst9]

Like it or not , someone need to pay more.
for low income and those not driving, they may be happy with that.
Sg is small place with MRT and cab, not necessary for most to have car.
Anyway these days many reckless drivers, getting unsafe.

[Scythian]

Today, those who pay S$100,000 for COE, they must be idiots. 

Simply paying 10 years advanced taxes.

S$100,000 in today's money @ 7.2% interest compounded over 10 years' periods is equivalent to S$200,000

.
Again, I reiterated that those paid S$100,000 COE are idiots.

In other countries, probably people boycott or protests

[Scythian]

You seem to forget that higher COE premiums affect both car owners and those who do not even have a car. This is  because the cost of doing business will shoot up significantly since all businesses rely on transportation. When businesses increase the prices of their goods and services, the overall cost of living will rise, causing a ripple effect on the economy and affecting everybody in S'pore.

Beside adding to the higher costs of goods and services, COE is part of the components causing high costs of living。

But Singapore leaders choose to ignore COE in any costs of living debates and discussions.

[Scythian]

"Car ownership in Singapore
Singapore has one of the lowest car ownership rates, among advanced economies, worldwide. In 2022, there were only 149 cars per thousand inhabitants here, a rate less than half that of the UAE or Taiwan, a quarter that of the United Kingdom and Switzerland, and six times less than New Zealand and the United States."

"COE prices hit a new high in October, following repeated new records set in prior months. The open category now changes hands at $152,000, more than five times the recommended retail price of a brand-new Honda Civic or Toyota Corolla sold elsewhere.

This is one of the major drivers of ever-rising pressure on our nation’s cost of living, and COEs were implicated in the most recent increase in headline inflation.""

[Scythian]

.
COE added to higher cost of living

Our comrades, Poor Singaporeans suffered the most

[revealer]

.
Again, I reiterated that those paid S$100,000 COE are idiots.

In other countries, probably people boycott or protests

Willing buyer willing seller. U call them idiot. They call u “red eye”, cannot afford, say so.

[Scythian]

Only taxes rich people like you and another one over here..🤣

COE Raised prices of goods and services affecting even those poorest Singaporeans pockets..

Don't be too happy bro?

[Scythian]

Willing buyer willing seller. U call them idiot.  They call u “red eye”,  cannot afford, say so.

 COE raised prices of goods and services.

Adding higher cost of living, and inflicting you with 2 blue black eyes.

[Alice Alicia]

COE is like a tariff on all cars and tariff is inflationary especially if imposed on essential goods.

Also true for the high tax on cigarettes and alcohol.

[Scythian]

COE is like a tariff on all cars and tariff is inflationary especially if imposed on essential goods.

Also true for the high tax on cigarettes and alcohol.

While COE added to raising prices of goods and services which is inflationary thru higher cost of living.

It's carried across by each and every Singaporean

[EvertonDiehard]

Beside adding to the higher costs of goods and services, COE is part of the components causing high costs of living。
But Singapore leaders choose to ignore  COE in any costs of living debates and discussions.

Our Ministers have to ignore an issue that they have no answer to. 

[EvertonDiehard]

While COE added to raising prices of goods and services which is inflationary thru higher cost of living. It's carried across by each and every Singaporean

There are still many clueless people like my 60-year-old colleague who keeps telling car owners at work that he wishes for the COE to rise to $200,000 - $300,000 since he does not own a car.  

[moonrab]

COE Raised prices of goods and services affecting even those poorest Singaporeans pockets..

Don't be too happy bro?

COE dropped,  how?...🤣🤣🤣
You and your nonsense 🤭