S'pore ranked 2nd highest in Gini coefficient score
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Originally posted by lionnoisy:
hi what is the after tax income?..there is no point to tell me the gross
income.
Wait I go search, there was a previous post about Singapore and Australian taxes.You are really a miracle. Since 2007, you have not learnt anything, or come up with a better rebuttal.
***This comparison is based only on the after tax spending power of low wage earners of both countries. I do not think that we need to compare the after tax spending power of high income earners, because they are still extremely well off after taxes.***
Singapore:
Income per year: SG$12,000
Income Taxes: 0%
GST: 7%
Spending Power After GST: SG$11,160 [SG$12,000 x 93%]
Australia:
(waiter or retail staff based on 3 times earnings of Singaporean only, not 5 times which is the higher bound)
Income per year: AU$36,000
Income Taxes: up to AU$6,000 = AU$0; AU$6,001 to AU$25,000 = AU$2,850; AU$25,001 to AU$36,000 = AU$3,300
Australia Personal Tax Rates
Total Income Taxes: AU$6,150 [AU$ 0 + AU$ 2,850 + AU$ 3,300]
Income after Income Taxes: AU$29,850
GST: 10%
Spending Power After GST: AU$26,865 [AU$29,850 x 90%]
An average waiter in Australia will have a spending power of AU$26,865, while a Singaporeans waiter will have only SG$11,160. Why do you think when we go for holidays overseas, we can afford less than an equivalent GDP per capita country like Australia or New Zealand.
You do the maths and tell me who is actually better off after personal taxes and GST.
Singaporeans or Australians???
Though Australia might have a higher personal tax structure, but their average wages are 3 to 5 times of Singaporeans. Even after deducting high taxes and GST, they still do end up with more money in the pocket than an average Singaporean. Moreover, they have no need to pay for healthcare and basic education.
Australian Wages
Bartending/waiting tables: $15 - $25 per hour (casual)
Chef: $700 - $800 per week (full time)
Retail sales assistant: $15 - $25 per hour (casual)
Check out operators and cashiers: $500 - $700 per week (full time)
Building/labouring: $650 - $850 per week (full time)
Engineering: $800 - $1500 per week (full time)
Hairdressing: $530 - $650 per week (full time)
Secretarial/administration: $600 - $700 per week (full time)
Child care: $18 - $20 per hour (casual) -
Originally posted by deepak.c:
Wait I go search, there was a previous post about Singapore and Australian taxes.You are really a miracle. Since 2007, you have not learnt anything, or come up with a better rebuttal.
***This comparison is based only on the after tax spending power of low wage earners of both countries. I do not think that we need to compare the after tax spending power of high income earners, because they are still extremely well off after taxes.***
Singapore:
Income per year: SG$12,000
Income Taxes: 0%
GST: 7%
Spending Power After GST: SG$11,160 [SG$12,000 x 93%]
Australia:
(waiter or retail staff based on 3 times earnings of Singaporean only, not 5 times which is the higher bound)
Income per year: AU$36,000
Income Taxes: up to AU$6,000 = AU$0; AU$6,001 to AU$25,000 = AU$2,850; AU$25,001 to AU$36,000 = AU$3,300
Australia Personal Tax Rates
Total Income Taxes: AU$6,150 [AU$ 0 + AU$ 2,850 + AU$ 3,300]
Income after Income Taxes: AU$29,850
GST: 10%
Spending Power After GST: AU$26,865 [AU$29,850 x 90%]
An average waiter in Australia will have a spending power of AU$26,865, while a Singaporeans waiter will have only SG$11,160. Why do you think when we go for holidays overseas, we can afford less than an equivalent GDP per capita country like Australia or New Zealand.
You do the maths and tell me who is actually better off after personal taxes and GST.
Singaporeans or Australians???
Though Australia might have a higher personal tax structure, but their average wages are 3 to 5 times of Singaporeans. Even after deducting high taxes and GST, they still do end up with more money in the pocket than an average Singaporean. Moreover, they have no need to pay for healthcare and basic education.
Australian Wages
Bartending/waiting tables: $15 - $25 per hour (casual)
Chef: $700 - $800 per week (full time)
Retail sales assistant: $15 - $25 per hour (casual)
Check out operators and cashiers: $500 - $700 per week (full time)
Building/labouring: $650 - $850 per week (full time)
Engineering: $800 - $1500 per week (full time)
Hairdressing: $530 - $650 per week (full time)
Secretarial/administration: $600 - $700 per week (full time)
Child care: $18 - $20 per hour (casual)I was about to go dig this up for you in tribute of my fren maurizio13
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Originally posted by deepak.c:
Singaporeans or Australians???
Though Australia might have a higher personal tax structure, but their average wages are 3 to 5 times of Singaporeans. Even after deducting high taxes and GST, they still do end up with more money in the pocket than an average Singaporean. Moreover, they have no need to pay for healthcare and basic education.
Australian Wages
Bartending/waiting tables: $15 - $25 per hour (casual)
Chef: $700 - $800 per week (full time)
Retail sales assistant: $15 - $25 per hour (casual)
Check out operators and cashiers: $500 - $700 per week (full time)
Building/labouring: $650 - $850 per week (full time)
Engineering: $800 - $1500 per week (full time)
Hairdressing: $530 - $650 per week (full time)
Secretarial/administration: $600 - $700 per week (full time)
Child care: $18 - $20 per hour (casual)To add on, Australians have more tax deductibles. Even their mortgage payments can be deducted from their taxable income. I ask you, what does Singapore have in Tax deductibles?
Personal is only $1.5k, Wife is a sad amount of $2k in tax deductible, PROVIDED your wife does not earn more than $2k for that year. And this $2k in tax deductible HAS NOT CHANGED for decades.
But then again, no point educating lionnoisy. He will conveniently forget everything and ask the same stupid question again.
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Originally posted by lionnoisy:
i think,in absolute terms, the living standard the lowest 5 % income households in SG,
is better than the lowest 30% in third world countries.
2.This ratio is compared between the have's and have-not's inside SG!!
This is not a ratio compared across different countries.
SG gap is wider than other countries,but other welfares do matter than this figure.
Have u guys comparee the schools,hospitals ,housing etc of SG with
other countries?
Do you not think that your first point contradict your own 2nd point?